International trade problem
Problem: If our country can make everything better and cheaper than foreigners, why would we have any reason to be involved in international trade?
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These are some of the topics I came up with that perhaps you could touch on with some references... Market summary, Market demographics, Market needs, Market trends, Market growth, pros and cons, and I guess a strategic concept to make this work..
Problem: Explain how international trade increases economic efficiency and how trade barriers and tariffs inhibit efficiency.
Analyse the choices MNEs have for handling international trade payments. What are the main issues that affect their decisions? Explain your answer.
How would you try to convince him/her that this is probably not the right way to look at international trade and its effects on the country?
If our country can make everything better and cheaper than foreigners, why would we have any reason to be involved in international trade?
Why should countries engage in international trade rather than remaining self-sufficient and avoiding the unfair competition of low paid foreign workers?
Describe the prisoner's dilemma. Provide a numerical example using China and Mexico as the two countries, and use producing or not producing steel components as the two options facing each nation.
Explain what each of the following terms are, and explain how each is used in the standard model. - isovalue lines - production possibilities frontier - indifference curve
Identify and explain the factors that determine who actually bears the burden of a tax increase on a specific good, such as gasoline, cigarettes, or some other product. Use at least two examples in your response. Is the incidence of the tax a cons
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