Questions
Please add detailed international business information How does the free trade affect politic/social/economic in relation to...

Please add detailed international business information

How does the free trade affect politic/social/economic in relation to international trade?

How does the protectionism theory affect politic/social/economic in relation to international trade?

In: Economics

Business opportunities in Canada and America in the next decade First of all, both Canada and...

Business opportunities in Canada and America in the next decade

First of all, both Canada and the United State have English as their primary language and they are both multicultural countries. For instance, most of their citizens are immigrants from all over the world and use English as their main means of communication (Kusow, 2006). Thus, this contributes to creating favourable conditions, as well as opportunities for international investors to flock the market and grow their businesses. Secondly, Canada and the United States have a similar geographic location, both located in North America. Moreover, both countries share about 9000-kilometer long land borders (Konrad & Everitt, 2011). As a result, this enhances the trade between two countries and it is clear that the US has become Canada’s largest trading partner. Last but not least, both countries have abundant natural resources such as minerals, fossil fuels, and forest resources (Bailey et al., 1985). Therefore, it is not hard to understand why investors around the world view Canada and the US as a profitable choice: manufacturing, mining and refining minerals, and tourism.

On the other hand, Canada's nominal GDP is only 1.7 trillion dollars compared to the United States with the world's largest economy of 22 trillion dollars (Silver, 2020). Hence, the size of the US market is much larger than that of Canada. Therefore, the income and living standard in the US is undoubtedly higher. Thus, the fruit of operating a business in the United States will come easier as long as one has a clear goal and mind. Moreover, according to Statistics Canada (2018), Canada's population is significantly less than the United States. Consequently, running businesses in services like restaurants and hotels will have more potential and opportunities to grow in the United States than in Canada. Finally, Canada's trade is not as widespread as that of the United States. Thereupon, the development of American trade is also partly because of it being one of the world's largest economy. Hence, the United States is an ideal country to start businesses as well as invest in the field of foreign trade. Furthermore, the weather conditions in the US is more likable that business will not have to suffer from extreme climate. In Canada, during winter months, there are times that wide areas businesses have to shut down because of the snow. This is by no means good for the development or opportunity of growing.

Overall, there are many similarities and differences between operating a business in Canada and the United States. Operating and growing a business in the US will conspicuously bring greater success. On the other hand, starting a business in Canada will have more opportunities for investors and startups than it does in the US, for it being less competitive. Since the US market is saturating with both newly formed and developed businesses, the Canadian market is nevertheless original and offers more opportunities for young people. Thus, operating a business in the US will gain greater success but will pay a higher risk. In contrast, starting and developing a business in Canada will bear fruit as there are more opportunities in the coming decade.


Can someone help me to write an introduction and conclusion for this essay? Thank you for your time.

In: Economics

Let the utility function be given by u(x1, x2) = √x1 + x2. Let m be...

Let the utility function be given by
u(x1, x2) = √x1 + x2.
Let m be the income of the consumer, p1 and p2 the prices of good 1 and good 2, respectively.
To simplify, normalize the price of good 1, that is p1 = £1.
(a) Write down the budget constraint and illustrate the set of feasible bundles using
a figure.
(b) Suppose that m = £100 and that p2 = £10. Find the optimal bundle for the consumer. In other words, find the combination of x1 and x2 that maximizes the consumer’s utility when the prices are p2 = £10, p1 = £1 and her income is m = £100.
(c) Suppose still that m = £100 but now the price of good 2 has increased to p2 = £30. Find the optimal bundle for the consumer. In other words, find the combination of x1 and x2 that maximizes the consumer’s utility when the prices are p2 = £30, p1 = £1 and her income is m = £100.
(d) How can we explain the drastic change in demand for the goods when the price of good 2 increased from £10 to £30?

In: Economics

Locate a firm in the U.S. or in the country where you reside and distinguish the...

Locate a firm in the U.S. or in the country where you reside and distinguish the difference between factor markets and product markets. Examine how households influence factor markets and discuss.

Locate a recent article or event (published within the last year) that highlights your relevant microeconomics topic. Use the Hunt Library, newspapers, new stations, or other credible sources to discuss how your topic aligns with microeconomics. Include the following in your discussion:

  • State the article or event you selected.
  • Identify the microeconomic concept(s).
  • Describe your findings.
  • Analyze the relevance to real-life applications.

Summarize your findings using at least 250 words and provide a minimum of one reference. Use current APA formatting to document your sources.

In: Economics

Mr.raman is a task-oriented manager. He is very hardworking and struggles to achieve profits. He gets...

Mr.raman is a task-oriented manager. He is very hardworking and struggles to achieve profits. He gets annoyed when he finds insincere subordinates. His peer groups call him workaholic and his subordinates a slave driver. He takes a decision of suspending a regular absentee. The union leaders plead a negotiation that is refused by management. Mr.Raman demand a letter of apology from the absentee(suspended )worker which the union refuses. The union gives a strike notice to the management

1. Analyze the situation

2. Is there a need for organizing a training program for all the union members to aim at objectives?

3. If you were Mr.Raman, how would you handle the situation?

In: Economics

Harvey sells two goods - cars (Good X) and chairs (Good Y). Illustrate and explain using...

Harvey sells two goods - cars (Good X) and chairs (Good Y). Illustrate and explain using budget lines and indifference curves the income effect and substitution effect when the prices of cars increase

In: Economics

Suppose a market for financial assets has type Aa and type Bb. Buyers value Aa at...

Suppose a market for financial assets has type Aa and type Bb. Buyers value Aa at $14,500 and type Bb at $11,500, while sellers value Aa at $12,700 and Bb at $10,100. If the buyers cannot observe type, what is the min fraction of type As needed in the market to avoid adverse selection?

In: Economics

  The podcast (here) compares and contrasts the differences between Eastern and Western Germany as a case...

  The podcast (here) compares and contrasts the differences between Eastern and Western Germany as a case study in how different economic models impact societies.

In: Economics

As regular e-cigarettes with nicotine-laced liquid are effectively banned in Japan, the country has become the...

As regular e-cigarettes with nicotine-laced liquid are effectively banned in Japan, the country has become the main market for "heat not burn" (HNB) products. The country accounts for about 60% of the global HNB tobacco market.

The market is dominated by three big firms. Philip Morris (PM), maker of Marlboro cigarettes, was the first to start selling HNB products in Japan in 2014. But it has run into competition from British American Tobacco (BAT) and Japan Tobacco (JT) in recent years.

Q: High profits attract entrants to the fast-growing market. In October, Imperial Tobacco Japan K.K. (ITJ) made a full-scale entry into the domestic HNB market. Explain intuitively how an entry of new firms might affect PM and JT. How would an entry affect the demand facing PM and JT? State the impact on the quantity and profits of each firm

In: Economics

Describe the significance of the Declaration of Independence. What was its immediate practical significance versus its...

Describe the significance of the Declaration of Independence. What was its immediate practical significance versus its more lasting significance? What philosophies influenced the ideas it contained?

In: Economics

explain the difference between Job involvement, Job enlargement, and Job rotation? What is the difference between...

explain the difference between Job involvement, Job enlargement, and Job rotation? What is the difference between Job enrichment and job enlargement?

In: Economics

Think about the television programs and films you have seen recently that depicted business in some...

Think about the television programs and films you have seen recently that depicted business in some way. How were businesses and business people portrayed? Is there anything business could or should do to improve its media image? Some businesses try to stay out of the limelight. Why might that be? What do you think of that strategy? Do you believe that employees are more attracted and committed to ethical organizations? Are you? Why or why not?

In: Economics

Provide an example of a company that effectively uses social media for communicating to customers and...

Provide an example of a company that effectively uses social media for communicating to customers and explain why you think they are effective.

In: Economics

GIVE A THOROUGH EXPLANATION FOR WHY THIS STATEMENT IS TRUE & PROVIDE A RELEVANT GRAPH 1....

GIVE A THOROUGH EXPLANATION FOR WHY THIS STATEMENT IS TRUE & PROVIDE A RELEVANT GRAPH

1. The Elasticity of demand for labor is higher the higher the elasticity of supply of the substitutable input.

2. SL = MFC in a perfectly competitive input firm or for an imperfectly competitive firm that hires heterogeneous labor (or practices wage discrimination).

In: Economics

Consider the following economy: Labor supply: Nt= 90 Capital stock: Kt = 90 Government spending: Gt...

Consider the following economy:

Labor supply: Nt= 90

Capital stock: Kt = 90

Government spending: Gt = 20

Tax collections: Tt = 20

Production function: Yt = 2(Kt)0.5 (Nt)0.5

Real money demand Lt = 2Yt - 200rt

Consumption function: Ct = 16 + 0.8(Yd)t

Domestic price level: Pt = 4

Investment function: It = 25 - 50rt

Nominal money supply: Mt = 1296

QUESTIONS:

  1. (7 points) Find an expression for the IS curve.
  2. (7 points) Find an expression for the LM curve.
  3. (7 points) Find an expression for the aggregate demand curve.
  4. (7 points) What are the short run equilibrium values for output, interest rate and price level?
  5. (7 points) Plot (a)-(d) on the IS-LM and AD-SRAS-LRAS diagrams. Make sure to label (i) the axes, (ii) the curves and (iii) the initial equilibrium levels.
  6. (7 points) Is this a short-run level of output also a long-run equilibrium? Explain.
  7. (7 points). Suppose that the government the Fed increases money supply to Ms=1620. Find the new short-run equilibrium levels of output and interest rate
  8. (7 points) Find the long-run equilibrium levels of output, interest rates and prices.
  9. (7 points) Graph this combination of policies both in the short and in the long run.
  10. (7 points) Explain how the adjustment from the short-run to the long-run occurs.

In: Economics