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Assume the following productivity data for the US, Brazil and Mexico with regard to pineapple and coffee production: Pineapples Coffee US (daily output per worker) 30 lb 15 lb Brazil (daily output per worker) 40 lb 75 lb Mexico (daily output per worker) 16 lb 25 lb QUESTION 1 Apply only the theory of absolute advantage. What trade, if any, would we see between the US and Brazil? a. No trade because Brazil has the absolute advantage in both products b. Brazil will specialize in coffee and trade coffee for US pineapples c. Brazil will specialize in pineapples and trade pineapples for US coffee d. Brazil will buy both coffee and pineapples from US QUESTION 2 Apply only the theory of absolute advantage. What trade, if any, would we see between Mexico and Brazil? a. No trade because Brazil has the absolute advantage in both products b. Brazil will specialize in coffee and trade coffee for Mexican pineapples c. Brazil will specialize in pineapples and trade pineapples for Mexican coffee d. Brazil will buy both coffee and pineapples from Mexico QUESTION 3 Apply only the theory of absolute advantage. What trade, if any, would we see between Mexico and the US? a. No trade because Mexico has the absolute advantage in both products b. US will specialize in coffee and trade coffee for Mexican pineapples c. US will specialize in pineapples and trade pineapples for Mexican coffee d. No trade because US has absolute advantage in both products QUESTION 4 Now apply the theory of comparative advantage. What trade, if any, would we see between the US and Brazil? a. No trade because Brazil has the absolute advantage in both products b. Brazil will specialize in coffee and trade coffee for US pineapples c. Brazil will specialize in pineapples and trade pineapples for US coffee d. Brazil will buy both coffee and pineapples from US The U.S. Congress proposes a law imposing tariffs and quotas to block most Brazilian coffee from entering the US market. For each of the following groups, answer AGREE if you believe they would support, and be helped by, such a law. Answer DISAGREE if you believe they would oppose, and be hurt by, such a law. QUESTION 5: US coffee consumers Agree Disagree QUESTION 6: US coffee farmers Agree Disagree QUESTION 7: US pineapple farmers Agree Disagree QUESTION 8: Brazilian coffee farmers Agree Disagree QUESTION 9: Mexican coffee farmers Agree Disagree |
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Imagine you’re the head of the Federal Reserve. You have decided to decrease the money supply in the United States economy. Fully explain one way you can make this happen.
In: Economics
In: Economics
Why can we never expect frictional unemployment to be zero even when the economy is strong?
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Explain what are the strengths and the weaknesses of the World Court? Is it a successful institution?
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Recently, Mexico experienced large-scale trade deficits, depletion of foreign reserve holdings and a major currency devaluation in December 1994, followed by the decision to freely float the peso. These events also brought about a severe recession and higher unemployment in Mexico. Since the devaluation, however, the trade balance has improved. Investigate the Mexican experiences in detail and provide the following in your answer:
(a) document the trend in Mexico’s key economic indicators, such as the balance of payments, the exchange rate, and foreign reserve holdings, during the period 1994.1 through 1995.12.;
(b) investigate the causes of Mexico’s balance of payments difficulties prior to the peso devaluation;
(c) discuss what policy actions might have prevented or mitigated the balance of payments problem and the subsequent collapse of the peso
(d) derive lessons from the Mexican experience that may be useful for other developing countries.
In your answer, you may identify and address any other relevant issues concerning Mexico’s balance of payment problem. International Financial Statistics published by IMF provides basic macroeconomic data on Mexico.
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Q1 What are the five key research areas in international marketing?
Q2 Why is international marketing research critical for a business wishing to enter a foreign market? List three key reasons.
Q3 What are two main forces that are changing the way international marketing research is being done?
Q4 What different marketing research tools, list at least three, B2B International is using to conduct international marketing research?
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i) What is fully distributed cost pricing? Derive fully distributed cost prices algebraically in linear market demand and costs system?
ii) Is there any better pricing scheme than fully distributed cost pricing? Explain.
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O A. nominal GDP in 2016 equals nominal GDP in 2015.
O B. real GDP in 2016 is larger than real GDP in 2015.
O C. prices in 2016 are higher than prices in the base year.
O D. prices in 2016 are lower than prices in the base year.
O A. nominal GDP.
O B. real GNP,
O C. real GDP.
O D. nominal GNP.
O A. recession.
O B. expansion.
O C. bust
O D. hyperinflation.
O A. have an indeterminate impact on the unemployment rate.
O B. increase the unemployment rate.
O C. not change the unemployment rate.
O D・ decrease the unemployment rate.
O A. the factor market
O B. the money market
O C. the goods and services market
O D. the labor market
O A. The value of cars produced by Nissan in Japan and the U.S.
O B. The value of all cars produced by Ford in Mexico.
O C. The value of all cars produced by General Motors in the U.S.
O D・ The value of all cars produced by Toyota in the U.S.
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conflicts within the WTO between 'small' and 'large' countries, or between 'strong' and 'weak' countries? Do you think this is a strength or a weakness of the WTO in its current form?
At least 200 words, thank you.
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• Using consumption function explain the effect of strong exchange rate on investment within the UK economy?
• How can UK economy strengthen GBP and how does this impact aggregate demand and investment?
• Draw and explain the economic models such as consumption function and three equation model.
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a. Give three characteristics of a perfectly competitive market. [3 marks]
b. List and explain three types of barriers to entry that may be used in a monopoly. [3 marks]
c. For a monopolist, why is marginal revenue less than price for every level of output except the first? [4 marks]
d. Give the conditions which should exist for price discrimination? [3 marks]
e. Draw a diagram to show the long run equilibrium condition of the perfectly competitive firm [4 marks]
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China's Fifth cyclical Economic (1978-1980)
Need 2000 words with full description.
China's Fifth cyclical Economic crisis(1978-1980)
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What type of market is the ‘Superstar’ market referred to by Alan Krueger ? Briefly justify your answer.
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a.Carefully explain what is meant by explicit; implicit; and sunk costs. How are they used to calculate accounting profit and economic profit? [5 marks]
b. Explain the relationship between total product, marginal product, and average product. [3 marks]
c. Explain the difference between the short run and the long run. [4 marks]
d. Why is the level of output at which marginal revenue equals marginal cost the profit maximizing output? [5 marks
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