The Cartel Movement was one attempt to find a means by which to provide producing nations with a higher rate of return from the export of commodities. State and explain three other attempts to fix the “commodity problem” and evaluate the effectiveness of each.

Thoroughly evaluate the GATT/WTO process since its inception in 1947. Make sure you include the major accomplishments of each round (foregoing those in the 1950s). State briefly why each of these provisions was essential to moving the free trade process forward and ensuring fair treatment of products.

Explain how an economy self-adjusts to get rid of an inflationary gap. Describe the process both verbally and graphically using an AD-AS graph.

1) Which of the following statements is true?

• A. A change in the market price can only shift the demand curve.
• B. A decrease in supply causes equilibrium price to rise; the increase in price then results in a decrease in demand.
• C. If both demand and supply increase there must be an increase in equilibrium price; equilibrium quantity may either increase or decrease.
• D. If demand decreases and supply increases one cannot determine if equilibrium price will increase or decrease without knowing which change is greater.
• E. An increase in demand causes a change in equilibrium price; the change in price does not cause a further change in demand or supply.

2)

Two researchers estimated how the price elasticity of demand for coal in China has changed from 1998 to 2012. Without reading their peer-reviewed paper, can you predict their findings?

• A. Yes, price elasticity of demand became more elastic over time.
• B. Yes, price elasticity of demand became less elastic over time.
• C. Yes, price elasticity of demand became less elastic as coal has more substitutes.
• D. No, without knowing the initial elasticity classification we are unable to determine how elasticity changed.

3) Since November 2016, Arabica coffee bean prices have continually fallen. Brazil is the world's leading producer of Arabica beans. What would happen in the labor market for Brazilian coffee bean farmers.

• A. Labor demand shifts rightward due to increased human capital resulting in a higher marginal revenue product (MRP). Equilibrium wage and equilibrium quantity of labor both increase.
• B. Labor supply shifts rightward due to increased population. Equilibrium wage decreases and equilibrium quantity of labor increases.
• C. Labor demand shifts leftward due to decreased inputs resulting in a lower marginal revenue product (MRP). Equilibrium wage and equilibrium quantity of labor both decrease.
• D. Labor supply shifts leftward due to a change in demographics. Equilibrium wage increases and equilibrium quantity of labor decreases.
• E. Labor demand shifts leftward due to decreased prices resulting in a lower marginal revenue product (MRP). Equilibrium wage and equilibrium quantity of labor both decrease.

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Use for 4-5

4) (TABLE)

According to the table above, from February 2018 to November 2018 the U.S. dollar has ________ in value compared to the Chinese yuan and the Chinese yuan has ________ compared with the U.S. dollar which is ________ with the United States increasing tariffs on imports from China.

• A. appreciated; depreciated; consistent
• B. appreciated; depreciated; inconsistent
• C. depreciated; appreciated; consistent
• D. depreciated; appreciated; inconsistent
• E. appreciated; appreciated; consistent

5) (TABLE)

Ceteris paribus, IF the U.S. dollar appreciates relative to the Chinese yuan, then tourists from China are ________ likely to visit the U.S., Chinese exports will ________, Chinese imports will ________, and Chinese net exports will ________.

• A. less; increase; decrease; decrease
• B. less; decrease; increase; increase
• C. more; decrease; increase; increase
• D. less; increase; decrease; increase
• E. None of the above.

Analyze a real government policy in the context of the macroeconomic concepts we learned in class. Describe the economic problem this policy attempted to tackle and the intended macroeconomic goals.Explain who were the agents pushing this policy forward. Who opposed the policy? What was the incentive framework of the main agents involved before the policy was implemented? And what was the incentive framework implied by the policy? You must be able to identify groups of people with similar background or interests and compare the economic policy from the viewpoint of these groups.

You are free to choose any government policy that is interesting to you: fiscal policy, monetary policy, or regulatory policy.

1. Explain the conflict between regionalism and the GATT/WTO system. Make sure your answer addresses trade creation versus trade diversion

2. Explain the two major reasons why the GATT/WTO process has stalled. Who is harmed by a “nonfunctioning” global trade negotiating system? What would it take to reinvigorate the process?

3.  Through what processes did cartels try to manipulate the price of commodities? State and briefly explain two mechanisms.

Developed countries export industrial products, underdeveloped countries export agricultural products.

Explain the results of this situation by showing the example countries.

Wells describes the full-blown creation of "car country" in the interwar years (1919 - 1941). Here's the question: On the whole, did the creation of "car country" make Americans better off than they were before? Why or why not?

please post a response to the following question. Your response should be around 200-300 words in length and should include specific, cited evidence from this assignment in Christopher Well, Car Country (Chapters 4-6).

How has global exporting, importing, and global sourcing been affected by COVID-19?

give as much detail as possible

all firms in a competitive industry have the following long-run total cost curve: C(q) = q³ -10q² +36q, where q is the output of the firm

a. Find the price in the market and how many units each firm will sell in the long run

b. If the market demand was Q = 10p-5, how much output will be bought and sold in the market?

c. How many firms will exist in the long run?

d. What is their economic profit?

e. Suppose the market demand shifted right due to a shock (the supply/costs did not change). If the new market demand is Q=20p-25, how many firms would be in the market after the long run adjustment?

A village has ten tractors that are used by twenty farmers. Much of the land is uncultivated and farmers are idled by the lack of equipment. Because of the tractor sharing constraints, each farmer is only capable of working 100 hours per month to grow crops. This village produces two products, tomatoes, and corn. The following table displays the greatest possible combinations of these two products (in bushels).

1. Draw the Production Possibilities curve with corn on the Y axis and tomatoes on the X axis.
2. What is the opportunity cost of producing an extra 50 bushels of corn?
3. What is the opportunity cost of producing an extra 200 bushels of tomatoes?
4. Is a combination of 300 bushels of corn and 200 bushels of tomatoes attainable? Where would this lie in relation to the PPF curve? Is this efficient?
5. Is a combination of 500 bushels of corn and 250 bushels of tomatoes attainable? Where would this lie in relation to the PPF curve? Is this efficient?
6. What about a combination of 600 bushels of corn and 300 bushels of tomatoes? Where would this lie in relation to the PPF curve? Is this efficient?
7. What would it take to grow 750 bushels of corn and 375 bushels of tomatoes? Draw the new PPF curve with these new constraints.

what we can do after becoming a full stack developer.

1. Assuming an economy is operating in a recession, discuss the benefits and costs of fiscal policy, monetary policy, and a do-nothing approach assuming flexible exchange rates and mobile capital.

2. Again, assuming an economy is operating in a recession and the government wants to conduct an expansionary policy, but does not want to change interest rates or incur any more fiscal debt, discuss what policies are available to the government?