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Cyberproblems & Solutions

Economic Interdependence and the Gains from Trade

  1. Investigate the MSU-CIBER International Business Resources on the WWW. Find the link to the U.S. Department of Commerce's Big Emerging Markets. Select a foreign country. What sectors will offer the greatest opportunities to American exporters?

    Choose a country and select "Big Emerging Sectors."

  2. Access the Maid Brigade homepage and read about the services provided by this firm. How is a firm like Maid Brigade relevant to the Principle of Comparative Advantage?

    Dual income families can hire maids to clean their homes instead of using their own valuable time.

  3. Access the Ticket Master homepage. What does Ticket Master specialize in? How does Ticket Master make concert ticket prices cheaper?

    While not directly discussed in the chapter, Ticket Master is an intermediary that actually reduces the total price of tickets to buyers by making the buying of tickets more convenient. Many of your students will initially be skeptical of that claim.

 

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