If our country can make everything better and cheaper than f

Related BrainMass Solutions

• Trade and Import Effects

  Many of the products we import are imported because other countries have the ability to make the products better and cheaper than we do, depending on the individual strengths of that country.

• NAFTA and Free Trade

  By importing from both countries and especially from Mexico, we are able to import goods at a cheaper price than what it would cost us to make them here in the U.S.

• Differences Between Types of Experimental Variables

  If we hold everything else constant between our groups, so that both contain similarly healthy people at the outset of the study, similar gender and age breakdowns, etc., and we see a difference in health measures at the end of the 3 months, we can conclude

• Examine the cause of the proposed economic stimulus package

  Unless we start taking care of our own country by fixing what is broke at home, implementing policies that actually fix problems rather than mask them, and make efforts to become more self reliant as a country; we will be in for a much worse prospect

• International Business Practice Test

  If one nation produces a good cheaper than other then other nations would trade with it to procure it at cheaper rate 5. The Uruguay Round of GATT wrote new international rules for: A) agriculture. B) services.

• A question in monetary theory is explicated.

  Comparative advantage means If a foreign country can supply us with a commodity cheaper than we ourselves can make it, better buy it of them with some part of the produce of our own industry, employed in a way in which we have some advantage.

• Language, Culture, and Education

  Which term do you think is more empowering to America as a country of diversity? Elaborate. 1.) Cultural relativism is the idea that no culture is better than any other culture.

• payoff matrix, for two interdependent firms in duopoly

  In many cases, the country would be better off in just giving the unemployed workers their old salary they lost than giving a subsidy to the affected company. The total cost to the government and society would be less.

• Globalization: what are traditional international trade theories?

  - To obtain goods that they cannot produce themselves - To increase choice for their consumers - To obtains goods at a cheaper price than what they can produce themselves - To make more revenues and profits.