Category: Economics

Compare and contrast the theory of Mercantilism, Ricardo’s theory of Absolute Advantage and Comparative Advantage, and Adam Smith’s theory of international trade. Variations of all of these theories are still applicable today in regards to international trade. Give an example of each one of these three theories being applied today by a nation and how it exactly relates to each theory (Hint: one country cannot practice all three).

1. What are the key conventions of the National Accounts and to what purposes are they put?
2. What are their limitations?
3. Comparative advantage raises its head again, this time in macro. Make sense of how comparative advantage relates to macroeconomic national accounting.
4. Why do economists focus on growth of output? What are the pluses and minuses of this approach?
5. Why do economists seek to abstract from the business cycle to focus on long-term secular trends in output?
6. What is the so-called pension dilemma? What are its implications?

Watch the above video. Once you have done this post a response to each of the bullets below.
Based on how “Greed” is portrayed in the video do you believe it can provide benefits to society?
Give a personal example of something you do for your own best interest that also benefits others. Alternatively, give an example of something you have done that only harmed others. Are both “Greedy”? Do you see a difference between “Greed” and “Self-interest”?
Do you believe love and kindness would produce the same level of output in a society as “self-interest”? Why or why not?
Would you consider a business owner attempting to hire workers at a lower wage greedy? What about a worker attempting to get a higher wage from the employer?
By going to school and getting an education you are likely to significantly raise your income, do you believe such an increase in your income will take income away from others? If yes, than why would you do such a thing? If no, how can one person’s income go up without someone else’s going down?

I will provide you with three files.
The first file is the instructions and requirements of the assignment.
The second and third files will the the Excel sheet that is from ” Gapminder” From these two Excel sheets, the first one is GDP per capita and the second one is HDI, you should do a line chart(Make sure that the dates are from 2000 to 2021 for both figures and the countries for both figures are UAE, Bahrain, Egypt, Iran, and Kuwait).
If you want to see a ready assignment that you want to guide feel free to contact me and I will send it.
Thank you 🙂

Compare and contrast the theory of Mercantilism, Ricardo’s theory of Absolute Advantage and Comparative Advantage, and Adam Smith’s theory of international trade. Variations of all of these theories are still applicable today in regards to international trade. Give an example of each one of these three theories being applied today by a nation and how it exactly relates to each theory (Hint: one country cannot practice all three).

1. What are the key conventions of the National Accounts and to what purposes are they put? 2. What are their limitations?
3. Comparative advantage raises its head again, this time in macro. Make sense of how comparative advantage relates to macroeconomic national accounting.
4. Why do economists focus on growth of output? What are the pluses and minuses of this approach? 5. Why do economists seek to abstract from the business cycle to focus on long-term secular trends in output?
6. What is the so-called pension dilemma? What are its implications?

Find an article on the www that gives information about a corporate strategy decision an organization has made. How does this corporate strategy decision potentially create additional value (i.e. economies of scope, or “synergies”) compared to what would happen had the organization not made the decision? What will be the evidence/measure(s) the organization, or analysts, or investors, will be looking at in a few years to see whether or not the synergies have actually been achieved? In your write-up, include a www link to the article/story you are writing about. Guideline: approximately 300 words (equates to approximately one page, double-spaced) I need this back in 2.5 Hours. Must be typed, Original, No PLAGARISM.

Compare and contrast the theory of Mercantilism, Ricardo’s theory of Absolute Advantage and Comparative Advantage, and Adam Smith’s theory of international trade. Variations of all of these theories are still applicable today in regards to international trade. Give an example of each one of these three theories being applied today by a nation and how it exactly relates to each theory (Hint: one country cannot practice all three).

1. What are the key conventions of the National Accounts and to what purposes are they put? 2. What are their limitations?
3. Comparative advantage raises its head again, this time in macro. Make sense of how comparative advantage relates to macroeconomic national accounting.
4. Why do economists focus on growth of output? What are the pluses and minuses of this approach? 5. Why do economists seek to abstract from the business cycle to focus on long-term secular trends in output?
6. What is the so-called pension dilemma? What are its implications?

Find an article on the www that gives information about a corporate strategy decision an organization has made. How does this corporate strategy decision potentially create additional value (i.e. economies of scope, or “synergies”) compared to what would happen had the organization not made the decision? What will be the evidence/measure(s) the organization, or analysts, or investors, will be looking at in a few years to see whether or not the synergies have actually been achieved? In your write-up, include a www link to the article/story you are writing about. Guideline: approximately 300 words (equates to approximately one page, double-spaced) I need this back in 2.5 Hours. Must be typed, Original, No PLAGARISM.