Examples and Applications of International Trade
What are the Examples and Applications of International Trade?
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1. Unemployment and Productive Inefficiency:
a. Depression
b. Discrimination in the labor market.
2. Tradeoffs and Opportunity Costs
a. Logging and mining versus wilderness.
b. Allocation of tax resources.
3. Shifts of Production Possibilities Curve
a. Technological advances in the U.S.
b. The effects of war.
Writ short note on the Income of personal distribution?
I have a problem in economics on Circular flow model of the private sector. Please help me in the following question. The simple circular flow model of private sector doesn’t comprise: (i) Firms. (ii) Product markets. (iii) Government agencies.
One early involvement of Adam Smith to the theory of gains by international trade, although later thoroughly revised and refined through David Ricardo, was the conception of: (1) mercantilism. (2) absolute advantage. (3) comparative a
Why does a demand curve slope downward?
Explain how government might manipulate its expenditures and tax revenues to reduce unemployment?
What are the major legal forms of business organization?
Illustrate Professional and personal applications?
Give a brief introduction of the term Cost Principle ?
Explain: “Affluence tomorrow requires sacrifice today.”
Illustrate other than price many factors determine the outcome?
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