International Finance (10)
1. What does it mean for the U.S.
dollar to be “strong” or “weak”?
2. Who gains and who loses from a
weak or a strong dollar and why? Is it better for a country to have
a weak or a strong dollar?
What does it mean to be operating a firm in the "long
run?" What does it mean to be operating a firm in the
"short run"? What are the practical implications for
managing a business if you are in "short run?"
What role does a strong government play in economic development? It discourages investments in human capital. It encourages the payment of efficiency wages. It encourages winner-take-all situations. It encourages investment by removing corruption. It encourages occupational crowding.