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Three European Union countries chose not to be part of the EMU. Can you think of any reasons why they would do so?
Why would this alter economic life in the United States? How so? What problems would it entail?
Are there any reasons you can think of why we might not be able to extend this argument to the financial transactions of the capital account?
Would you be infavor of expanding the role of the SDR to make it an international currency along the lines of Keynes' bancor?
What is your reaction to the different visions of the Keynes Plan and the White Plan?
Why are you interested in international economics? What is motivating you? How are your interests, major, or profession affected by the world economy?
Identify one way in which the activities of international trade, finance, and production could positively contribute to international development.
Draw a diagram describing autarky and a pattern of absolute advantage for your example.
Consider the two relevant political groups in England at that time: land owners and capital owners. Who do you think agreed with Ricardo? Why?
Why the adjustment process stemming from intra-industry trade is easier for a country to accommodate than adjustment process stemming from interindustry trade.
Create your own example of vertical intra-industry trade and explain how it is related to fragmentation.
Show the transition from autarky to trade in your diagram, label the trade flows, and demonstrate the gains from trade.
If so, can you say what would happen to the gains from trade as supply and demand in Vietnam and Japan become more and more inelastic?
Why can you also identify the factors of production involved in this issue? Are they mobile factors as in Heckscher-Ohlin model, or are they specific factors?
What distinguishes a customs union from a free trade area? What distinguishes a common market from a customs union?
What do you think of this approach to maintaining employment? Can you think of any other measures that might also maintain employment in a sector?
Explain why the firm should not be slapped with a per-unit tax on the firm's output to compensate for the pollution it discharges into a major river.
How would you predict the change of the exchange rate between the U.S. dollar and the Turkish lira?
Please explain why collusion with rival firms (cooperative behavior) would provide a better outcome for oligopolist than competition (Noncooperative behavior)
How would the monopolist respond concerning the quantity produced and the price charged in the domestic market?
Choose one and discuss and explain which of the four types of markets best characterizes the market in which they compete.
Please use an example to explain the strategies firms use to extract more consumer surplus from consumers. It should not be from a textbook.
How would a Mercantilist view this surplus? Why might David Hume argue that the surplus will disappear?
Identify some policy change that you propose or oppose to reduce the federal government budget deficits and debt.
Evaluate your position using the budget deficits and debt principle.