As an example, he surveyed French people about what percent of the population is made up of immigrants. Responses showed that the French drastically underestimated the portion of the population that were immigrants…thought there was about 7% when it was really more like 17%. 

What was the primary driver of IBM’s ROA for 2014 through 2016?

Legal protections, like patents, can serve as a trade barrier as well. 

Sam is willing to pay $34 for a pair of blue jeans. Steve is willing to pay $36. Frank is willing to pay $44. Kevin is willing to pay $29. The price that these jeans are exchange in the marketplace for is $28. If Kevin purchases the blue jeans, his consumer surplus is $____ (enter number only). 

The World Bank has set a goal of eliminating extreme poverty by 2045. 

The World Bank was formed during WW2 and initially helped fund reconstruction of countries after the war. But when this was over, it turned its attention to development. 

Suppose that the USA had an inflation rate of 2% and Mexico had an inflation rate of 3% for this year. Also, assume that the market exchange rate between the two currencies is 19 Pesos=1 USD. What is the RELATIVE PPP exchange rate at the end of this year? –THINK ABOUT WHICH COUNTRY NEEDS TO GO ON TOP!! **You will need your answer for the next question too. 

If prices decrease, then consumer surplus and producer surplus will increase. 

Quizzes are open note. I can use any notes that I HAVE TAKEN. 

“Arguing against globalization is like arguing against the laws of gravity”… This was said by Adam Smith, the father of economics as we now teach it.