Principles Of Economics V8.0
Principles Of Economics V8.0
18th Edition
ISBN: 9781453384503
Author: Taylor, John B.; Weerapana, Akila
Publisher: BOSTON ACADEMIC (DBA FLAT WORLD)
Textbook Question
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Chapter 32, Problem 29CTQ

Explain why converging economies may present a strong argument for limiting flows of capital but not for limiting trade.

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Watch the following video clip about fair trade co-operatives in South America: www.youtube.com/watch?v=yu5DhOHLJ-s Based on this clip, consider the following issues: What western business norms are modified by the social and solidarity economy? What charitable norms are modified by the social and solidarity economy? How would you explain 'endogenous development' to another person?
Use a production-possibility curve to show how resource growth and improvement in technology can allow a nation to increase its production of government goods and services while also increasing its output of private goods and services.
Draw a production possibilities frontier for a country that produces two goods: capital goods and consumption goods. Show a point of production that will allow a country to achieve the maximum amount of future growth while still producing a small amount of consumption goods.

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Principles Of Economics V8.0

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