International specialization and trade

The fact that international specialization and trade based on comparative advantage can increase world output is demonstrated by the reality that: ​a nation’s production possibilities and trading possibilities lines coincide ​the production possibilities curves of any two nations are identical ​a nation’s trading possibilities line lies to the right of its production possibilities line ​a… Continue reading International specialization and trade

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Important international business concepts

The purpose of this project is to enable students to demonstrate their knowledge of important international business concepts and apply research, analytical, and communication skills. Students will demonstrate their ability to choose relevant sources, summarize key information, provide a critical analysis, and use proper citation in their portfolio consisting of topics concerning one or more… Continue reading Important international business concepts

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Nation’s volume of exports and imports

1.  Which of the following have substantially equivalent effects on a nation’s volume of exports and imports?​ ​Exchange rate appreciation and domestic deflation ​Exchange rate depreciation and domestic inflation ​Exchange rate appreciation and a decrease in the domestic supply of money Exchange rate depreciation and domestic deflation 2. Which of the following statements best describes… Continue reading Nation’s volume of exports and imports

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Discussion on similar nominal GDP

Assume two countries have the same nominal GDP (measured in the same currency using the same accounting rules). Explain at least three reasons why you cannot assume that citizens in each country enjoy approximately the same level of economic well-being.     Answer :Some possible, but not all, explanations include: a. different price levels in… Continue reading Discussion on similar nominal GDP

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Optimal control theory technique

Optimal control theory is a technique being used increasingly by aca- demic economists to study problems involving optimal decisions in a mul- tiperiod framework. This textbook is designed to make the difficult subject of optimal control theory accessible to economists while at the same time maintaining rigor. Economic intuition is emphasized, and examples and problem… Continue reading Optimal control theory technique

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Asian perspective of the Americans

1. From 1898 to 1992, America fought 5 wars in Asia in 90 years. Can you name these five wars? 2. What is the Asian perspective of the Americans according to Princeton University Professor Michio Kaku? Explain the alternative view of the Bible-Land switch in the process of colonialism. 3. Explain the relationship between Christianity… Continue reading Asian perspective of the Americans

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