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  The Trade Deficit Does Not Destroy American Jobs Mostly from article Does the trade deficit destroy American jobs? Russell Roberts, 2006. Per Figure 1 A trade deficit occurs when exports of goods are less than imports of goods. Until 1976 U.S. deficit was about zero, sometimes deficit or sometimes surplus but always somewhat small. Beginning in 1976 U.S. has run a trade deficit every year. Between 1976 and 2005 the U.S. has imported $6 trillion worth of goods more than it has exported. Figure 1a shows more recent trade deficit data. … Figure 2 From 1976 to 2005 there has been no obvious impact of the increasing trade deficits on total employment. In 2005 there were over 40 million more jobs than in 1976. Trade affects the kind of jobs in the economy not the numbers of jobs. The U.S. population is growing but the percent of the population working is also higher after 1976 than before. … Figure 3 There has been somewhat of a decline in manufacturing jobs since 1976. Manufacturing e...
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Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 5 Firm Behavior and the Organization of Industry Chapter 13 of 36 Firms In Competitive Markets Section 2 of 24 … If a gas station raised its price for gasoline by 20 percent it would see a large drop in the amount of gasoline it sold. Its customers would quickly switch to buying at other gas stations. If a water utility company raised the price of water by 20 percent it would see only a small decrease in the amount of water it sells. People would decrease somewhat the amount of water they use, but it’s unlikely they would be able to find another supplier. The difference between a local gasoline market and water market is many gas stations supply gasoline, but there is only one supplier of water. … In this chapter behavior of competitive firms such as gas stations will be discussed. A market is competitive if each buyer and seller · is small compared to the size of the market · has little influence on market p...
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  Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 5 Firm Behavior and the Organization of Industry Chapter 13 of 36 Firms In Competitive Markets Section 1 of 24 … Chapter 14 Topics What Is A Competitive Market? The Revenue Of A Competitive Firm The Supply Curve In A Competitive Market Example Of Profit Maximization The Marginal Cost Curve and The Firm's Supply Decision The Firm's Short-Run Decision To Shut Down Sunk Costs The Firm's Long-Run Decision To Exit Or Enter A Market The Short Run: Market Supply With A Fixed Number Of Firms Why Do Competitive Firms Stay In Business If They Make Zero Profit? A Shift In Demand In The Short Run And Long Run Why The Long-Run Supply Curve Might Slope Upward … … competitive market kyōsō ichiba 競争市場 ... ... Two early history advances in most languages were replacing logogram characters with letters and putting spaces between words. Japanese only partially uses its own “kana” alphabet letters in place of Chine...
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  Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 5 Firm Behavior and the Organization of Industry Chapter 13 of 36 The Costs of Production Section 20 of 20 … Figure 6 - Average Total Cost (ATC) in the Short Run and Long Run Because fixed costs are variable in the long run the ATC curve in the short run differs from the ATC curve in the long run. … Often the classification of total costs as either fixed or variable depends on the time period. Ford Motor Company cannot adjust the number or sizes of its car factories over a period of a few months. These are considered fixed costs. The only way Ford can produce additional cars in the short run is to hire more workers at the factories it already has, which means variable costs increase. But Ford can over a period of several years expand the size of its factories, build new factories, or close old ones. So, the cost of its factories is a variable cost in the long run. … Because many decisions are fixed in ...
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  Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 5 Firm Behavior and the Organization of Industry Chapter 13 of 36 The Costs of Production  Section 19 of 22 … How many cups of coffee should Conrad aim to sell to maximize profits? Assume the local competitive price of a cup of coffee is $1.40. Table 3, cost data from Table 2, shows the answer, 6 cups. … … competitive product price kyōsō ryoku seihin kakaku 競争力製品価格
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  Fumiko Scot's information: Weight at 163 pounds, got to 160 pounds five years ago and have recently been bouncing between 163 and 170. Common sense ways to lose and keep off weight are eat right and light and get lots of exercise. Main exercise is walking, do 1~2 miles most days. Over career worked as a salesman in the steelmaking, fasteners, and auto manufacturing industries, lots of travel in U.S., Canada, Mexico, and Japan. Have visited every U.S. city with a major league, MLB, NFL, NBA, NHL, sports team except Sacramento, have gotten as close as Travis Air Force Base. Often traveled on Sundays, much time on the road so could not eat right and get enough exercise so got heavy, up to 200 lbs. Was on commission and made enough to retire early, now eat right and light, get enough exercise. Now am spending most time reading and writing. Our Wick branch goes back to the brother of owner of the Wick House at Morristown National Historical Park in Morristown New Jersey, and on back t...
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