Morgan_Weckesser_U5_Final_Project
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Colorado Technical University *
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Subject
Economics
Date
Apr 3, 2024
Type
pptx
Pages
9
Uploaded by WeckeQueen3492
We’re Coming to America!
Or
Are We?
Presented by:
Morgan Weckesser, Senior Analyst, AutoEdge Industries
Considerations to Factor
•
Financial
•
Is moving to the US fiscally wise?
•
Legal
•
What are potential barriers to breaking into the US market?
•
Social
•
Point 1
Economic Factors
•
GDP (Gross Domestic Product)
•
South Korea’s economic growth vs. United States •
Inflation
•
Interest Rates
•
Unemployment
Demand Elasticity
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Related Questions
Question 10
Which statement is supported by the information in the table?
Export and Import Table
Canada
United States
Top Export Partners
n
Export Partner
D
United States
United Kingdom
Canada
Mexico
China
Japan
Percent of Exports
73.70%
4.20%
19.00%
13.30%
7.00%
4.50%
Top Import Partners
Import Partner
United States
China
Mexico
China
Canada
Mexico
Japan
Germany
B The United States exports more goods to China than to Canada.
Percent of Imports
49.50%
Trade with China disrupts trade between the United States and Canada.
10.80%
A Canada and the United States are each the chief exporting nation to the other.
5.50%
18.40%
14.20%
11.70%
5.80%
4.40%
Canada imports more goods from the United States than it exports to the United States.
arrow_forward
Globalisation General Framework
In this topic, you are to research globalisation. The business press bombards us with ideas about ‘The shrinking world’, ‘the flat world’ and ‘the border-less world’ – all catchphrases to describe the impact of globalisation. But are the (trade) borders really collapsing or are we seeing, post GFC, a resurgence in them? What is behind the extreme demonstrations against globalisation at G7 and WTC conferences?
Individual Components
World 3.0: P Ghemawat’s questioning of whether the world really is as ‘global’ as we are being told it is and his ideas about how it could be globalised more effectively.
Anthony Giddens’ ideas on globalisation.
The “End of Poverty” movement and the contrary assertion that “Trade NOT aid” is the way to a more globalised world that mitigates against poverty.
arrow_forward
Critical Thinking Many developed countries, including
the U.S., have in recent decades become primarily ser-
vice economies; that is, there is relatively little manu-
facturing of goods, and most people in the economy
are employed by service industries. Why do you think
this has occurred? In what ways is this trend a good
and/or a bad thing for a country? Do you think this
trend will continue?
arrow_forward
Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.
arrow_forward
3/25/22, 10:56 PM
Assignment Print View
7.
The graphs below show the production possibilities frontiers for grapes and lemons in Spain and Argentina, with their current levels of production marked as
points A and B. Spain and Argentina are trading partners, where the terms of trade are 1 million tons of grapes = 0.2 million tons of lemons or 1 million tons
of lemons = 5 million tons of grapes. Each year, 4 million tons of grapes are exported.
Spain's Production Possibilities
14
13
12
11
10
9.
8
7
A
4
2
1
0.4
0.8
1.2
1.6
2.0
Lemons (millions of tons)
Argentina's Production Possibilities
6.0
5.5
5.0
4.5
4.0
3.5
3.0
2.5
2.0
1.5
1.0
0.5
0.4
0.8
1.2
1.6 2.0
2.4
2.8
Lemons (millions of tons)
Using this information, complete the table below (all values are in millions of tons).
https://ezto.mheducation.com/hm.tpx?todo=c15SinglePrintView&singleQuestionNo=7.&postSubmissionView=13252718198728708&wid=D13252718466068729&rol...
1/2
Grapes (millions of tons)
Grapes (millions of tons)
ㅇ 50
B.
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SUBJECT: Comm 101 Puposive Communication
COURSE CODE: Comm 101
True or False
Choose True if the statement is correct and choose False if it is incorrect. Explain
1. Independence means that countries rely on each other to meet demands for goods
and services.
True
False
2. A multinational company's presence overseas contributes to those local economies
because the company will invest in local resources, products, and services.
True
False
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Subject: OM | International Business and Trade
Question:
3.How do you think the transition to a normal economy in Lebanon, after the war in 2006, would differ from the experiences of European countries after World War II?
(Cite citations if needed)
arrow_forward
can you explain Gig Economy in Tourism? (https://zety.com/blog/gig-economy-statistics?utm_source=google&utm_medium=sem&utm_campaign=6482924844&utm_term=%2Bgig%20%2Beconomy&network=g&device=c&adposition=&adgroupid=85084943480&placement=&gclid=CjwKCAjw-qeFBhAsEiwA2G7Nl2Vd7sNQPAsoX8VELgZCmkzrAltKhbPzNuqzHUZ1-x0LFLMWp3l2hhoCPhMQAvD_BwE)
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True or false The jobs in domestic market and the jobs which have higher wages for labors compared to the other countries are more vulnerable with increased outsourcing as firms will replace their workers with cheaper foreign workers as they will be willing to work at lower wages.
arrow_forward
Question
1. To what countries did Mr. Sanchea export his devices?
In some countries, export-oriented industries are the primary source of employment. What are the advantages and disadvantages of relying heavily on exports? How might a strong export-oriented economy affect employment? Can you think of an example in which a country relies almost completely on the export of one good? How has this affected the country?
2. What products discussed in the case study were imported into the United States? how did this affect Mr. Sanchez?
What imported products are available in your community? Is there any additional value associated with the importation of any of these products (i.e, Frech wine, Italian shoes, Japanese electronics)? What effect on a country's culture might result from the widespread availability of imported goods and services?
arrow_forward
Regional trade blocs in Africa and Europe have had the following results:
(select all that are correct)
a. African countries have been experimenting with regional trade blocs for 50+ years, but progress has been slow and many of these groups
are dormant
b. The European Union is trying to balance its budget and decide which countries get the most votes on their different councils, which has led
to a mass exodus as member countries quit paying dues or attending conferences
C. the swift progress of African leadership in working together for international growth has created unprecedented wage, GDP and GDP/
capita gains since 2012
d. the European Union has evolved into four main institutions which as the European Commission, the Council of the European Union, the
European Parliament, and the Court of Justice
arrow_forward
Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure.
arrow_forward
Background
Imagine that you work for the World Bank and you have been called to Ghana to aid the new president to come up with a new international trade strategy.
You are told that the new government is interested in moving away from agriculture and into manufacturing. To do so, the government wants to pursuit a policy of import substitution industrialization (ISI).
You are given a brief about Ghana highlighting the following points:
About half of Ghana’s population depends on agriculture, but Ghana still imports some of its food.
The majority of Ghana's people live in rural areas and exist on a subsistence way of life.
Ghana has one of the highest rates of income inequality in the world.
Nearly half of the population is employed in agriculture.
QUESTION B.4
The Minister for Labour, John Ring, argues that closing the country's borders to international trade will create employment. Use a diagram to explain this scenario.
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Background
Imagine that you work for the World Bank and you have been called to Ghana to aid the new president to come up with a new international trade strategy.
You are told that the new government is interested in moving away from agriculture and into manufacturing. To do so, the government wants to pursuit a policy of import substitution industrialization (ISI).
You are given a brief about Ghana highlighting the following points:
About half of Ghana’s population depends on agriculture, but Ghana still imports some of its food.
The majority of Ghana's people live in rural areas and exist on a subsistence way of life.
Ghana has one of the highest rates of income inequality in the world.
Nearly half of the population is employed in agriculture.
Explain import substitution industrialisation and how it can affect Ghana. What role does learning by doing play and when does it make sense for the government to interfere?
arrow_forward
Background
Imagine that you work for the World Bank and you have been called to Ghana to aid the new president to come up with a new international trade strategy.
You are told that the new government is interested in moving away from agriculture and into manufacturing. To do so, the government wants to pursuit a policy of import substitution industrialization (ISI).
You are given a brief about Ghana highlighting the following points:
About half of Ghana’s population depends on agriculture, but Ghana still imports some of its food.
The majority of Ghana's people live in rural areas and exist on a subsistence way of life.
Ghana has one of the highest rates of income inequality in the world.
Nearly half of the population is employed in agriculture.
QUESTION B.3
Marcia Anthony, the Trade Minister, argues that the country should not adopt ISI. She asks you to help her explain the benefits of trade with a diagram. Please draw this diagram and explain its intuition.
QUESTION B.4…
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List down the important ideas/concepts presente.
Globalization is the term used to describe how countries are becoming more interconnected economically and culturally. Globalization is an international process driven by trade, investment technology, and finances; this process affects culture, political systems, economic development and prosperity, and human physical well-being worldwide. Globalization is not new, though. For thousands of years, people and later corporations bought from and sold to each other at great distances. One such example is the thin silk road across central Asia that connected China and Europe during the middle ages. Still, what exactly has driven globalization over the past 20 years? These have been significant developments in both communications and transport technologies. The introduction of specialized bulk carriers and container ships has helped reduce the cost of transportation and significantly increase the volume of world trade. Recent developments in…
arrow_forward
Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.
arrow_forward
List down the important ideas/concepts.
Globalization is the term used to describe how countries are becoming more interconnected economically and culturally. Globalization is an international process driven by trade, investment technology, and finances; this process affects culture, political systems, economic development and prosperity, and human physical well-being worldwide. Globalization is not new, though. For thousands of years, people and later corporations bought from and sold to each other at great distances. One such example is the thin silk road across central Asia that connected China and Europe during the middle ages. Still, what exactly has driven globalization over the past 20 years? These have been significant developments in both communications and transport technologies. The introduction of specialized bulk carriers and container ships has helped reduce the cost of transportation and significantly increase the volume of world trade. Recent developments in…
arrow_forward
The practice of exporting US jobs to lower paid employess in other nations? Running Head: 1 My personal tutorName:Course:Tutor:Date: Hello, I have seen how the tutors are disappointing you and would want to be helping youdirectly in all your academic assignments,...
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QUESTION 5
a) What is a multinational (MNC)? Discuss some of the
benefits MNCS can obtain from their operations in developing
countries and the benefits if any these countries can obtain
from them.
b) What is meant by the term "Free Trade" Discuss the
advantages of free trade between countries.
=) Briefly outline the role of the treasury department in respect
of the following:
(i) Short-term management of resources
(ii) Long- term maximization of shareholder wealth
(iii) Risk management
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Course Name: Global trade
Question) Is Bangladesh a good investment? How can I invest in Bangladesh? Answer and Explain largely.
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Part 2 question:
Imagine you are one of the few highly skilled workers in a less developed country. Your country has been increasingly participated in Global Value Chains (GVCs) in the past decades. Is your country’s increasing involvement in GVCs is a good thing for you? Explain why. [Note: assume that you are primarily concerned about your wages, and you have no intention to migrate to other countries].
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None
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How have changes in technology contributed to the globalization of markets and production? Would the globalization of production and markets have been possible without these technological changes? [Note: Diagrammatic representation is mandatory to elaborate your conceptual understanding
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Question 2 Globalisation Explain the cause, effect, and future of globalisation. Your answer should be based on an appropriate order following these key words and phrases: history; mercantilism; protectionism; David Ricardo; WTO; beneficiaries; those disadvantaged; trade wars; multilateral, plurilateral and bilateral agreements; future of globalisation.
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OM
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WW
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ps
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W
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Homework (Ch 09)
X
BAGA+
Mon Jun
New Chrome available
Suppose Bangladesh is open to free trade in the world market for maize. Since Bangladesh is small relative to the international market, the demand
for and supply of maize in Bangladesh have no impact on the world price. The following graph shows the domestic market for maize in Bangladesh.
The world price of a ton of maize is Pw = $800.
On the following graph, use the green triangle (triangle symbols) to shade the area representing consumer surplus (CS) when the economy is at the
free-trade equilibrium. Then, use the purple triangle (diamond symbols) to shade the area representing producer surplus (PS).
PRICE (Dollars per ton)
3
1280
Domestic Demand
Domestic Supply
1220
1160
1100
1040
980
920
860
800
740
680
25
50
75 100 125 150
QUANTITY (Tons of maize)
200 225
250
24
A
PS
MacBook Pro
music
zoom…
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EXPLAIN THIS AND MAKE IT MORE READABLE PLEASE : how does the importation of rice satisfy local demands and how it affects Philippines' economy and the people of the Philippines in general?
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Trading
Name:
Date:
Imagine the following case study where two different countries: Albania and Belize have remained self-sufficient and mostly produce
two of the following products: corn and beets. Our hopes are that we will be able to improve trade liberalization and encourage each
one to work together in order to improve the number of resources and goods each one provides to their population. Here are their
production levels for each product per worker/month (assume each country has a workforce for 15 workers):
Bushels
Corn (Y-аxis)
Вets (X-аxis)
Albania
40
20
Belize
20
4
a) Calculate and graph the Production possibilities frontiers for both countries.
b) Assume that both countries currently prefer equal amounts of corn and beet for their production & consumption levels within
their country, clearly label this point and call it point B: production/consumption before trade.
c)
Calculate and state the number of workers that would be required in order to produce points B for both…
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Please identify which of the following does not
constitute a barrier that makes it difficult for
companies to accomplish the optimal dispersion of
their productive activities to locations around the
world.
Select one:
a. Government regulations.
b. Barriers to foreign direct investment.
c. Issues associated with economic and political
risk.
d. Reduced transportation costs.
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What goal of foreign policy is being achieved in the following example:
The European Union decided to use the Euro as a monetary unit for all European countries who participate.
O Promote human rights (humanitarian)
O Protect security
O Spread democracy
O Encourage free trade
om/common-assessment-delivery/start/5687736742?action=onresume&submissionld=856450706#
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Related Questions
- Question 10 Which statement is supported by the information in the table? Export and Import Table Canada United States Top Export Partners n Export Partner D United States United Kingdom Canada Mexico China Japan Percent of Exports 73.70% 4.20% 19.00% 13.30% 7.00% 4.50% Top Import Partners Import Partner United States China Mexico China Canada Mexico Japan Germany B The United States exports more goods to China than to Canada. Percent of Imports 49.50% Trade with China disrupts trade between the United States and Canada. 10.80% A Canada and the United States are each the chief exporting nation to the other. 5.50% 18.40% 14.20% 11.70% 5.80% 4.40% Canada imports more goods from the United States than it exports to the United States.arrow_forwardGlobalisation General Framework In this topic, you are to research globalisation. The business press bombards us with ideas about ‘The shrinking world’, ‘the flat world’ and ‘the border-less world’ – all catchphrases to describe the impact of globalisation. But are the (trade) borders really collapsing or are we seeing, post GFC, a resurgence in them? What is behind the extreme demonstrations against globalisation at G7 and WTC conferences? Individual Components World 3.0: P Ghemawat’s questioning of whether the world really is as ‘global’ as we are being told it is and his ideas about how it could be globalised more effectively. Anthony Giddens’ ideas on globalisation. The “End of Poverty” movement and the contrary assertion that “Trade NOT aid” is the way to a more globalised world that mitigates against poverty.arrow_forwardCritical Thinking Many developed countries, including the U.S., have in recent decades become primarily ser- vice economies; that is, there is relatively little manu- facturing of goods, and most people in the economy are employed by service industries. Why do you think this has occurred? In what ways is this trend a good and/or a bad thing for a country? Do you think this trend will continue?arrow_forward
- Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.arrow_forward3/25/22, 10:56 PM Assignment Print View 7. The graphs below show the production possibilities frontiers for grapes and lemons in Spain and Argentina, with their current levels of production marked as points A and B. Spain and Argentina are trading partners, where the terms of trade are 1 million tons of grapes = 0.2 million tons of lemons or 1 million tons of lemons = 5 million tons of grapes. Each year, 4 million tons of grapes are exported. Spain's Production Possibilities 14 13 12 11 10 9. 8 7 A 4 2 1 0.4 0.8 1.2 1.6 2.0 Lemons (millions of tons) Argentina's Production Possibilities 6.0 5.5 5.0 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.4 0.8 1.2 1.6 2.0 2.4 2.8 Lemons (millions of tons) Using this information, complete the table below (all values are in millions of tons). https://ezto.mheducation.com/hm.tpx?todo=c15SinglePrintView&singleQuestionNo=7.&postSubmissionView=13252718198728708&wid=D13252718466068729&rol... 1/2 Grapes (millions of tons) Grapes (millions of tons) ㅇ 50 B.arrow_forwardSUBJECT: Comm 101 Puposive Communication COURSE CODE: Comm 101 True or False Choose True if the statement is correct and choose False if it is incorrect. Explain 1. Independence means that countries rely on each other to meet demands for goods and services. True False 2. A multinational company's presence overseas contributes to those local economies because the company will invest in local resources, products, and services. True Falsearrow_forward
- Subject: OM | International Business and Trade Question: 3.How do you think the transition to a normal economy in Lebanon, after the war in 2006, would differ from the experiences of European countries after World War II? (Cite citations if needed)arrow_forwardcan you explain Gig Economy in Tourism? (https://zety.com/blog/gig-economy-statistics?utm_source=google&utm_medium=sem&utm_campaign=6482924844&utm_term=%2Bgig%20%2Beconomy&network=g&device=c&adposition=&adgroupid=85084943480&placement=&gclid=CjwKCAjw-qeFBhAsEiwA2G7Nl2Vd7sNQPAsoX8VELgZCmkzrAltKhbPzNuqzHUZ1-x0LFLMWp3l2hhoCPhMQAvD_BwE)arrow_forwardTrue or false The jobs in domestic market and the jobs which have higher wages for labors compared to the other countries are more vulnerable with increased outsourcing as firms will replace their workers with cheaper foreign workers as they will be willing to work at lower wages.arrow_forward
- Question 1. To what countries did Mr. Sanchea export his devices? In some countries, export-oriented industries are the primary source of employment. What are the advantages and disadvantages of relying heavily on exports? How might a strong export-oriented economy affect employment? Can you think of an example in which a country relies almost completely on the export of one good? How has this affected the country? 2. What products discussed in the case study were imported into the United States? how did this affect Mr. Sanchez? What imported products are available in your community? Is there any additional value associated with the importation of any of these products (i.e, Frech wine, Italian shoes, Japanese electronics)? What effect on a country's culture might result from the widespread availability of imported goods and services?arrow_forwardRegional trade blocs in Africa and Europe have had the following results: (select all that are correct) a. African countries have been experimenting with regional trade blocs for 50+ years, but progress has been slow and many of these groups are dormant b. The European Union is trying to balance its budget and decide which countries get the most votes on their different councils, which has led to a mass exodus as member countries quit paying dues or attending conferences C. the swift progress of African leadership in working together for international growth has created unprecedented wage, GDP and GDP/ capita gains since 2012 d. the European Union has evolved into four main institutions which as the European Commission, the Council of the European Union, the European Parliament, and the Court of Justicearrow_forwardNote:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure.arrow_forward
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