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?

Assume that a consumer lives for T periods, and in each future period, one of the s states may be realized. There are complete markets. Let the utility function of the agent be
U = u(c1) +
T X t=2X s∈S
βt−1πt,su(ct,s)
where the notation is the same as that used in class, with pt,s, denoting the price of Arrow-Debreu security paying off at state s on date t.
a. What do complete markets mean in this context? b. Write down the period and intertemporal budget constraints. Explain the saving/borrowing mechanism in this framework. c. Write down the Lagrangian equation and find the first order conditions. d. Write down the price of the Arrow-Debreu security that pays of in date 4, state 7. e. Assume that the agent has linear utility. How would it effect the price of Arrow-Debreu security?

What are the differences between horizontal and vertical acquisition? Between a joint venture and a strategic alliance? Between product development and innovation?

Prior to the 1980 presidential election, Candidate Reagan emphasized a supply-side approach to dealing with the inflationary problem. Using the AD-SRAS-LRAS, show and explain how a supply-side approach to lowering inflation (putting downward pressure on the price level or P) was supposed to operate.

1. Why do you think Edward Snowden made the decision to come forward? What was his motivation? Was he compelled to blow the whistle on the surveillance program or should he have looked the other way? How would you have reacted if you had discovered the extent of the Prism surveillance program?