Economics
Comparative Advantage and Gains from Trade | Get Solution Now
Please watch this video https://www.youtube.com/watch?v=3I9rj1xJjko https://www.youtube.com/watch?v=HWXke2ap1nc – quota Make sure that you respond to both topics as comprehensibly as possible, include your sources. The Uruguay Round of the GATT began a process of phasing out the use of voluntary export restraints. Why did they come into widespread use in the 1980s? For instance, given that VERs (voluntary export restraints) are a form of quotas, and that they create quota rents and a larger reduction in national welfare than tariffs, why did nations use them instead of tariffs? The GATT strongly favors tariffs as a protective measure over quotas or other non-tariff measures. It encourages new members to convert quotas to their tariff equivalents. One of the main reasons that tariffs are preferred is because they are more transparent, particularly by comparison to non-tariff measures. Explain the idea of transparency and how non-tariff measures may be non-transparent. Use examples to support your arguments.
Effect of Free Trade on Local Industry | Get Solution Now
Implications of free and international trades in the local industry.
Production Possibility Curve | Get Solution Now
Section A: Production Possibility Scenarios. Use graphs. Explain why production points on the curve are best. What does it mean when production points are inside the curve? What does it mean when production points are outside the curve? Which factors can cause an inward shift? Which factors can cause an outward shift? Section B: The following table shows scores a student can earn on two upcoming exams according to the amount of time devoted to study. Plot the production possibility curve. Use one graph. Does the production possibility curve exhibit the law of increasing relative cost? If the student wishes to move from a grade of 60 to a grade of 88 in economics, whats is the opportunity cost?
Microeconomics Organizational Analysis | Get Solution Now
Every day, millions of economic choices are made by peoplefrom what brand of soap to buy to how many employees to hire for a factory. Microeconomics provides us with the tools, models, and concepts to better understand individual choices in the marketplace and how resource allocation is determined at the micro level. The decisions made by individuals and households impact the market and influence decisions made by firms. Firms use these tools as a way to determine pricing, output, and profit maximization. As a student of economics, you can use the microeconomic principles to gain an understanding of how firms and individuals make decisions and also to make your own conclusions about actions we can take to improve those decisions.Now, imagine that you are a consultant to the firm of your choice. The firm has hired you to advise it on how it can ensure its future success as a company in its current market. To do this, you will write a research paper analyzing market and business data to explain how the core microeconomic principles impact the sustainability of the firm and what actions it can take to ensure success. Specifically the following critical elements must be addressed for this introduction paper: I.Using the publicly traded company operating in the U.S. market that is currently in business.Write a one paper that includes the following elements for your chosen firm: a)Outline the purpose of your final project research paper and explain how it will inform your conclusion. b)Summarize the history of your chosen firm and provide an overview for what it does and what goods/services it sells. The company is Nike
The Monetary System Analysis | Get Solution Now
The monetary system in any economy facilitates trade and allows people to trade more efficiently, as compared to a barter economy. In the United States, the monetary authority is the Federal Reserve System (also referred to as the Federal Reserve, or informally, as the Fed.) For this assignment, use the information presented in the textbook and the Feds website (http://www.federalreserve.gov/) when addressing the questions below. What are the requirements for something to be considered money? Why does the dollar have value? What does the money supply consist of and what are the respective amounts in the total money supply for the United States? What are the primary functions of the Fed? What role does the Federal Open Market Committee (FOMC) play in our economy? What role do the financial institutions (commercial banks and other institutions) play in our financial system? What is meant by the term fractional-reserve banking in our system? What are the implications for consumers? What are the tools available to the FED for controlling the money supply? Which are used most often? Which are most effective? How does the money multiplier help to determine the effects of monetary policy? What are the pros and cons of using monetary policy, as opposed to the use of fiscal policy, for implementing economic policies and practices? Deliverables: Prepare a 5-6 page Microsoft Word document that addresses the above-noted concerns and meets APA standards. Include a summary section in your report that contains 5-7 bullet points identifying your major findings or conclusions of your paper.
Relationship Between Politics and Economics | Get Solution Now
In 2-3 paragraphs, summarize the communication elements that show up in the 3 main components of this module: Galanter, ALEC, Held. ALEC documentary link: https://billmoyers.com/episode/united-states-of-alec-a-follow-up/ Bill Moyers explains ALEC, and the hidden relationship between politics and economics: Lobbying. This is one of Galanter’s key points about power. Listen more for the factual information about ALEC than for the rhetorical bits about politics. ALEC website link:https://www.alec.org/
Institutional Dominance in Germany | Get Solution Now
In a 2-3 page summary, detail in your own words the political, economic, and social institutions dominant in ” Germany “. Also, provide some brief historical context that help explain these institutions. In an additional 2-3 page summary, contrast these institutions (political, economic, and social) with those of the ” United States ” and ” France “. Credible sources include: ” CIA Factbook, OECD, UN, World Bank, International Monetary Fund “. Wikipedia and any socially malliable source is NOT credible. ” At the bottom of your narrative, in smaller italicized font, indicate the sources you used “.
Macroeconomic Concepts Application | Get Solution Now
Apply macroeconomic concepts to current and personal economic events and decisions.
Japanese Economic System | Get Solution Now
Which form of keiretsu is commonly criticized by foreign nations as unfair to competitors? A. Vertical keiretsu B. Horizontal keiretsu Which of the following is NOT an advantage of the Japanese economic system? A. Long-term financing helps firms avoid short-term market pressures B. High immigration rates encourage a dynamic labor market C. Lifetime employment builds worker loyalty and improves ties between workers and management D. Keiretsu allows firms to benefit from long-term contracts with suppliers and buyers Which Japanese system encourages communication from lower levels in the firm to higher management? A. Kanban B. Ringi-sho C. Nemawashi D. Zaibatsu At the time our book was written, 90 percent of Japan’s trade surplus with the US came from four sectors. Which of the following sectors is NOT one of these four surplus sectors? A. Automobiles B. Construction equipment C. Semiconductors D. Consumer electronics According to our authors, what is the greatest challenge facing the Japanese economy? A. High tariffs on imports and exports B. Declining life expectancy C. Excessive wage inequality D. Declining population
Economic Strategy Analytics Writing | Get Solution Now
Suppose that Firm As WTP-C is larger than Firm Bs WTP-C and both firms sell some consumer good like candy. Firm A can steal share from Firm B if Firm A chooses to. TRUE OR FALSE Explain in 100-200 words.Suppose that Firm As WTP-C is larger than Firm Bs WTP-C and both firms sell some consumer good like candy. Firm A can steal share from Firm B if Firm A chooses to. TRUE OR FALSE Explain in 100-200 words.
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