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International Trade Debate

Considering the aftermath of the global economic recession, most countries tend to protect their economies from adverse affects of globalization and economic integration and cooperation. The United States of America is not the exception. Considering that US dollar is the reserve currency for most countries, dollar is one of the most demanding currencies in the … Read More»

Demand and Supply Changes

The analysis of event by using the supply-demand framework Demand and supply are two perhaps the most powerful market forces. Together they set the equilibrium price level and quantity sold (Mankiw, 2007). Therefore, the analysis of their determinants is of special interest for us. OPEC reduced the production of oil and therefore its price increased. … Read More»

Economics

Annual Income/Gross Income (before taxes), http://www.payscale.com/research/US/State=North_Carolina/Salary#by_Job 200003800088000 Less income taxes, Social Security&Medicare4435,59462,528480,5 Net Annual Income (take – home pay)15564,528537,559519,5 Annual Spending (Living expenses) Housing 54001200024000 Utilities and Cable TV; Resource: http://www.payscale.com/research/US/State=North_Carolina/Salary#by_Job 3769,923769,923769,92 Cell Phone3606001200 Groceries, Laundry, incidentals 150036004500 Car payment, http://www.onlineloancalculator.org/105520003500 Car insurance, http://www.rmiia.org/auto/steering_through_your_auto_policy/Cost_of_Auto _Insurance.asp610610610 Gasoline, Car maintenance, Registration100014002000 Clothing 84018003600 Restaurants, travel & enternainment … Read More»

“Quality is doing what the customer expects”

Introduction While dealing with customer services, one knows that the customer is always right. That is the usual concept accepted by most companies and businesses nowadays. However, it was not always the same. The history of the idea of quality in services and production appeared in the 26th century BC when the earliest forms of … Read More»

Economic Forecasting

Economic forecasting is extremely important for the successful development of any kind of business, as well as for the development of the country economics. Economic forecasting can be defined as a process or an attempt to predict the future condition of the economic situation. For the following purpose the set of statistic models are used. … Read More»

The Impact of the Eurozone Crisis on Developing Countries

The term paper discusses the adverse effects of the current Eurozone crisis on the economies of the developing countries. Overall, during the last few quarters of 2011-2012 the economies of the developing countries remain vulnerable to the euro zone crisis. The crisis has caused trade shocks in the lower-income economies, while the European debt crisis … Read More»

Summary of New East Asia’s democracies

Democratic transition in Thailand has been astonishing since its overthrow of absolute monarchy in 1932. It has had more shifts to democracy than any other country in Asia coupled with a shift away from democracy within the same period. For instance, since the promulgation of its constitution in 1997, Thailand has failed in all the … Read More»

U.S economy

Abstract The paper answers the questions concerning the U.S economy. Decrease in taxes will definitely help the U.S., as it will produce a stimulating effect on the economy. The country experiences recession and tax policy can help in this situation. Increase in government spending is also important, as it results in aggregate demand increase, and … Read More»

Global Competition and International Strategies

Contents Executive summary……………………………………………………….. …………………………………3 Introduction…………………………………………………… ………………………………………………..4 Multinational corporations in the global business environment………………….6 Ethics and social responsibility in the global business environment…………………..8 IT industry in India: the past, the present and the future………………………………….10 Conclusion…………………………………………………….. ………………………………………………12 References…………………………………………………….. ………………………………………………13 Executive summary Nowadays one can observe very interesting and unusual processes within the global economy: new, competitive national … Read More»

The Opportunity Cost of Macroeconomic Events

Event 1: If the government passes a law allowing states to pay unlimited unemployment benefits to all unemployed for an unlimited amount of time, it will influence workers’ lives, as well as firms’ operation a lot. Firstly, this incentive will affect worker’s incentive to produce. It does not stimulate production and hence employment. Although unemployment … Read More»