Discuss the differences between tariffs and quotas. How are they the same, and how ae they different? How does international trade alter the distribution of income and wealth within a country and among different countries? Is trade a force of equality or inequality? What is monopsony? How can professional sport teams be considered monopsonies? Define…
explain the mechanism through which taxes on gasoline reduce gasoline consumption
Wheelan discusses prices and free markets as a way to allocate resources (especially chapter 1). WHAT ARE THE ADVANTAGES AND THE DISADVANTAGES THAT YOU SEE IN A CENTRALLY PLANNED ECONOMY VERSUS A MARKET ECONOMY.
Examine the potential effects that President-elect Biden’s proposed tax increase might have on total utility and work effort
1. Analyze some major sources of Economic growth. 2. Why do some countries grow economically while others are stagnating in poverty? 3. How can this situation of poverty be changed
How many jobs are lost to outsourcing (shift of production to other countries). What are the most pressing current issues in todays trade negotiations?
How is cash generation different from the concept of profit and loss (P&L) in accounting? Discuss why financial analysis is important in the overall understanding of the financial performance of a firm.
How may it affect Saudi Economy if an income tax is imposed in KSA?