When you think of ethics, don't you ponder why U.S. firms are continually increasing their prices to the general public in the midst of higher price levels? Is it ethical for these firms to charge various prices to consumers based on geographical regions throughout the United States? Do you foresee ethics playing a role in which U.S. firms trade with developing countries is it ethical for U.S. pharmaceutical companies to charge a higher price to developed countries compared to lower prices to developing countries for pharmaceutical drugs? For this module week's ECONversation, respond to the following prompt. • How does the role of ethics pertain to comparative advantage at the local, regional, national, or international level? • How does the federal government restrict international trade, and what effect does that have on different countries?

When you think of ethics, don't you ponder why U.S. firms are continually increasing their prices to the general public in the midst of higher price levels? Is it ethical for these firms to charge various prices to consumers based on geographical regions throughout the United States? Do you foresee ethics playing a role in which U.S. firms trade with developing countries is it ethical for U.S. pharmaceutical companies to charge a higher price to developed countries compared to lower prices to developing countries for pharmaceutical drugs? For this module week's ECONversation, respond to the following prompt. • How does the role of ethics pertain to comparative advantage at the local, regional, national, or international level? • How does the federal government restrict international trade, and what effect does that have on different countries?

Principles of Economics, 7th Edition (MindTap Course List)

7th Edition

ISBN:9781285165875

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter10: Externalities

Section: Chapter Questions

Problem 5PA

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