Discuss what is meant by world citizenship? What would be an example of a world citizen?

What are global commons? Who should control these, and why? What has the United Nations done to alleviate conflicts with respect to global commons?

1. Use the Mundell-Fleming model to provide a succinct reason why countries with a fixed exchange rate cannot ensure long-term economic stability and instead run the risk of plunging the country into a currency crisis. Briefly explain your answer. In your explanation make sure to point out why a similar crisis is unlikely to occur in a country with a flexible exchange rate. [Word Limit = 150.]

1. Explain, using Solow’s (1956) model, (i) why the seeds of long-run output growth lie in investment, which constitutes a part of the aggregate demand (AD), and (ii) how AD grows when the long-run output grows, so that the balance in the goods market is maintained? [Word Limit = 150]

2. How does Solow’s model help both (i) the life-cycle theory of Modigliani and (ii) the permanent income hypothesis of Friedman to solve the “consumption puzzle” identified by Kuznets?   [Word Limit = 100.]

1.Why is a financial structure of a mix of equity and debt finance being preferred in financing businesses?

2.Explain why people demand for money and how demand for money would have been influenced by Covid-19 epidemic?

1. Definitions / Explanations

1. (define the following terms/concepts)

1. Terms of trade and relationship to the large country tariff case
2. Customs union versus a common market
3. Economies of scale and relevance to trade theory

Name other segmentation dimensions that could be used for the company. ( Of Berkshire Hathaway)

12. If _________ is/are approved, the President has a limited time in which to complete trade negotiations, and Congress must vote up or down on the negotiated agreement within 90 day legislative days of submission,

1. The escape clause
2. Safeguards
3. Trade promotion authority (fast track)
4. Trade remedy laws

13. All of the following countries are part of the TPP except

1. Peru
2. Vietnam
3. China
4. Australia

14. If processing occurs at different stages in production, it is considered

A) Vertical trade whereby traditional patterns of comparative advantage prevail

B) Intra industry trade whereby trade prevails due to product differentiation

C) Horizontal trade whereby trade occurs due to comparative advantage

D) None of the above

15. If the U.S. and China have a tariff war and thus reverse the gains from free trade, who wins and loses according to the Stolper Samuelson theorem. In choosing your answer consider the U.S. to be capital abundant and China to be labor abundant.

1. Capital in the U.S. loses, while labor in China loses
2. Capital in the China loses, while labor in U.S. loses
3. Everybody is a loser as the gains from trade due to economies of scale and variety are lost
4. None of the above

16. There may be NO inherent comparative advantage between countries in which of the following models.

1. Ricardian
2. Heckscher-Ohlin
3. Monopolistic competition
4. Specific factors

15. Why might it be rational for a developing country to choose protectionism rather than specialize in its area of comparative advantage?

16. Why do developing countries argue that they are hurt by stringent protection of intellectual property? Why do developed countries argue that provisions for intellectual property are an important concern for multilateral trade agreements?

17. Provide an argument as to why increased trade would improve the environment. Then provide one argument as to why increased trade might worsen the environment.

1. 1. Explain the advantages of business ethics.
   2. What do you think management's role should be in setting ethical standards?
   3. What is social responsibility? In what ways can demonstrating social responsibility be positive for a business?
   4. What responsibilities do corporations have to their stakeholders, such as stockholders, employees, and customers?
2. Your paper should be 500 to 600 words in length. Use proper spelling, grammar, and APA formatting and in-text citations, if used, for your analysis paper.
3. Use APA Level One Headings (See OCLS APA Writing Styles Guides) to organize your answers so that it is clear to which question(s) you are replying.
   1. For your answer to Question 10a, use “Business Ethics” as your first centered heading.
   2. For your answer to Question 10b, use “Management’s Role in Setting Ethical Standards” as your second centered heading.
   3. For Question 10c, use “Social Responsibility” as your third centered heading.
   4. For Question 10d, use “Responsibilities to Stakeholders” as your fourth centered heading.
4. Your paper should have an APA title page and be in APA format. Make sure you reference resources, any articles you use, or the Bible appropriately when used as an information source

1. Steel is the main input in the production of cars. A decrease in the price of steel will shift.

1. Supply curve of cars to the right
2. Demand curve of cars to the right
3. Supply curve of cars to the left
4. Demand curve of cars to the left

2. An increase in the price of a substitute good will shift the

1. Supply curve to the left
2. Supply curve to the right
3. Demand curve to the right
4. Demand curve to the left

3. Two goods are substitutes if a decrease in the price of one--an increase in demand for the other

TRUE / FALSE

4. When the income elasticity of demand is negative then goods are complements.

TRUE / FALSE

5. When quantity demanded is lower than quantity supplied, then

1. Price continue to fall until market reaches the equilibrium
2. The supply curve will shift to the right
3. Prices will be unaffected
4. Prices continue to rise until market reaches the equilibrium

Identify the The Department of Transportation (DOT) and provide a brief summary of what the agency does.

Choose one of the four oligopoly models in Baye, and discuss an example