Morgan_Weckesser_U5_Final_Project
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Colorado Technical University *
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Economics
Date
Apr 3, 2024
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9
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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
Your preview ends here
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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
gnment Saved to this PC V
n
Layout References
ens: On
United
States
Search (Alt+Q)
Mailings Review
Don't renew MFN
status with the
Lewis Kingdom
Renew MFN status
with the Lewis
Kingdom
Accessibility: Investigate
View Help
Lewis Kingdom
Impose trade sanctions
against U.S. firms
U.S. trade value - $65 b
L.K. trade value - $75 b
U.S. trade value - $35 b
L.K. trade value- $285 b
×
(L.K.)
Do not impose trade
sanctions against U.S.
firms
U.S. trade value - $140 b
L.K. trade value = $5 b
U.S. trade value - $130 b
L.K. trade value-$275 b
a) Does the U.S. have a dominant strategy? Why or why not?
b) Does the Lewis Kingdom have a dominant strategy? Why or why not?
c) What is the Nash equilibrium in this game?
d) Is this game a version of the prisoners' dilemma game? Why?
[]
monica
D Focus
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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
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
CRUDE OIL: COMMUNITY ENGAGEMENT OF A MULTINATIONAL OIL COMPANY
Greg breathes a sigh of relief,thankful that he wouldn’t have to ask for directions to his office (again). It has been an exhausting first week. Once inside his office, Greg smiles fondly at a framed photo of a younger, sweatier version of himself (losing badly while) playing football with Peruvian community leaders. His focus on maintaining positive relationships with local Peruvian communities while handling his former company’s mining operation in the Amazon basin had attracted the attention of national media. After The Peruvian President retweeted the picture of Greg and his team playing football with the Peruvians, Greg became somewhat of a celebrity for a few days. Greg likes to joke that he keeps the photo in his office to remind himself of one of his greatest victories (the community engagement project was a huge success) and one of his greatest failures (Greg’s team lost the football game 9-0). Greg Cook steps…
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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)
arrow_forward
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
Identify the relevant economic concept which can be matched to each of the descriptions below. 1 A measure used to control the physical level of imports allowed into a country.2 Aggregate income of all permanent residents of a country.3 A situation where merchandise exports are greater than merchandise imports.
arrow_forward
Based on the previous description, is the trade-off Thailand faces between producing air fryers and pressure cookers best represented by Graph 1 or Graph 2?
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
Mineral deposits have significant role on economic development of a country. Explain the economic importance of the mineral deposits in South Africa.
arrow_forward
Global economy is facing lots of uncertainties due to the pandemic and the recent war. Pick one industry that you are interested in and explain how vulnerable this industry is to potential economic downturns. Please also argue why you think so. Please illustrate your discussions with example
arrow_forward
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
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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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.
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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CENGAGE MINDTAP
Homework (Ch 08)
https://ng.cengage.com/static/nb/ui/evo/index.html?deploymentId=5894682496242974058071538219&elSBN=9781337
7. Economic costs and benefits of a common currency
Attribute
Greater certainty for investors
Lower protectionism
Elimination of exchange fluctuations
MindTap - Cengage Le X
Dependent monetary policy
Greater risk of macroeconomic shocks
Identify whether each attribute in the following table is an advantage or disadvantage of sharing a currency across country boundaries.
Advantage Disadvantage
Which of the following are reasons NAFTA is considered
Similar economic structures
a suboptimal
Low efficiency gains
Labor immobility
A single monetary policy that is equally effective across borders
an optimal
MindTap - Cengage Le X
HH
MindTap -…
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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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Course Name: Global trade
Question) Is Bangladesh a good investment? How can I invest in Bangladesh? Answer and Explain largely.
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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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Economic globalization is characterized by
Select one:
a. international migration
b. international trade and investment flows
c. rise of regionalism
d. cross cultural flows of ideas
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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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Economic and business environment analysis:
a) What are the Demographics: Population, growth rate in germanyb) What is the Per capita income levels in germanyc) What are the Major exports and trading partners in germanyd) What is the Business environment like: Government attitude to foreign investment and trends, ease ofdoing business, trade regulations in germanye) What is the Inflation levels, currency exchange rate; risks of devaluation versus the dollar in germanyf) What is the Education and literacy levels, availability of skilled labor, labor costs in germany
This information must be linked to the product ( time and patience bakery bread)
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Capital is --- in three sector model
factor payment
factor input
factor output
Money supply
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please include the impact the drone technology has and will continue to will have on the economy.
Drones: Reporting for Work
INFOGRAPHIC: How drones are creating a $100
billion market opportunity too large to ignore based on research from Goldman Sachs
Drone market outlook in 2021: industry growth trends, market stats and forecast
With commercial, personal and military drone use on the rise, Business Insider explores this growing market and how it will affect the world.
Drone Industry Outlook For the United States:
2020-2030-Consortiq
The drone industry took a hit during the COVID-19 pandemic, but things are certainly looking up for the future. Here's why.
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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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Please Fill in the blank for the following:
is the manufacturing and/or sale of goods and/or services to satisfy the wants and needs of consumers to make a profit. ___
The domestic ________________________ is comprised of customers who live in the country where the business operates.
Industries characterized by providing services to consumers and other businesses are known as ______________industries.
A factory owned by a company based in another country is called a _________________ plant.
The reliance of two or more nations on each other for products or services is referred to as ________________________
A(n) ________________________ market is comprised of customers who live in a different country than the one where the business operates.
The type of business that creates, ships, and sells goods and services between producers, companies, and consumers located in different countries is an __________________ business.
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Question 6: Controversies in Trade PolicyAfter the Seattle 1999 World Trade Organization Ministerial Conference fiasco, in thenext 2 years, large anti-globalization demonstrations rocked the InternationalMonetary Fund and Work Bank in Washington. What was the anti-globalizationmovement goal- and was it right? Explain you answer and where appropriate usefigures.
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Global Media is a ________ type of globalization?
Environmental
Political
Economic
Social
It is he sending of goods to another country for profit
Barter
Export
Trade
Import
Bringing goods in another country for profit refers to:
Import
Trade
Export
Barter
Which among the following are the negative effects of globalization?
Workers are exploited
Pollution and Deforestation
Low wages in less developed regions
All of the above
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SEE MORE QUESTIONS
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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_forwardgnment Saved to this PC V n Layout References ens: On United States Search (Alt+Q) Mailings Review Don't renew MFN status with the Lewis Kingdom Renew MFN status with the Lewis Kingdom Accessibility: Investigate View Help Lewis Kingdom Impose trade sanctions against U.S. firms U.S. trade value - $65 b L.K. trade value - $75 b U.S. trade value - $35 b L.K. trade value- $285 b × (L.K.) Do not impose trade sanctions against U.S. firms U.S. trade value - $140 b L.K. trade value = $5 b U.S. trade value - $130 b L.K. trade value-$275 b a) Does the U.S. have a dominant strategy? Why or why not? b) Does the Lewis Kingdom have a dominant strategy? Why or why not? c) What is the Nash equilibrium in this game? d) Is this game a version of the prisoners' dilemma game? Why? [] monica D Focusarrow_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
- 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_forwardCRUDE OIL: COMMUNITY ENGAGEMENT OF A MULTINATIONAL OIL COMPANY Greg breathes a sigh of relief,thankful that he wouldn’t have to ask for directions to his office (again). It has been an exhausting first week. Once inside his office, Greg smiles fondly at a framed photo of a younger, sweatier version of himself (losing badly while) playing football with Peruvian community leaders. His focus on maintaining positive relationships with local Peruvian communities while handling his former company’s mining operation in the Amazon basin had attracted the attention of national media. After The Peruvian President retweeted the picture of Greg and his team playing football with the Peruvians, Greg became somewhat of a celebrity for a few days. Greg likes to joke that he keeps the photo in his office to remind himself of one of his greatest victories (the community engagement project was a huge success) and one of his greatest failures (Greg’s team lost the football game 9-0). Greg Cook steps…arrow_forwardSubject: 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)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_forwardIdentify the relevant economic concept which can be matched to each of the descriptions below. 1 A measure used to control the physical level of imports allowed into a country.2 Aggregate income of all permanent residents of a country.3 A situation where merchandise exports are greater than merchandise imports.arrow_forward
- Based on the previous description, is the trade-off Thailand faces between producing air fryers and pressure cookers best represented by Graph 1 or Graph 2? 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_forwardMineral deposits have significant role on economic development of a country. Explain the economic importance of the mineral deposits in South Africa.arrow_forwardGlobal economy is facing lots of uncertainties due to the pandemic and the recent war. Pick one industry that you are interested in and explain how vulnerable this industry is to potential economic downturns. Please also argue why you think so. Please illustrate your discussions with examplearrow_forward
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SEE MORE QUESTIONS
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Engineering Economy (17th Edition)
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ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:Cengage Learning
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