a) Economic globalization refers to the integration of the nations across the world in terms of the product market and financial markets. When globalization occurs in an economy, the financial and output markets of the economy are opened to the international economic forum. It implies that people across the world can access the markets of that economy via international trade or investment channels. The consumers then have access to a wider variety of goods and services across the world. This expands their consumption basket and hence enhances their welfare. Consumers can also invest in foreign markets to acquire higher returns for their investment. As for the firms, they also have access to better factors of production including raw materials, capital, other inputs as well as labor because labor migration is facilitated via globalization. However, domestic firms will be exposed to foreign competition and will be compelled to increase their efficiency and productivity in order to continue to make profits under foreign competition. Thus globalization has both welfare-enhancing and adverse effects on consumers as well as firms (Mankiw, 2012).
b) The demand for a certain commodity depends on the price of that commodity as well as on other factors such as income of the consumer, the price of related commodities, tastes and preferences of the consumers, etc. If the price of a commodity changes, other factors remaining constant, the quantity demanded changes generally in the opposite direction given that it is a normal commodity.
MyAssignmenthelp.com is an internationally recognized legit online coursework help provider in USA. With a team of experienced and qualified coursework writers, we provide the highest quality products that are free from plagiarism. Our experts work round the clock to satisfy students demands like can experts Write my coursework assignments or can anyone do my coursework assignments and provide them the best writing solutions.
Just share requirement and get customized Solution.
Our writers make sure that all orders are submitted, prior to the deadline.
Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.
Feel free to contact our assignment writing services any time via phone, email or live chat. If you are unable to calculate word count online, ask our customer executives.
Our writers can provide you professional writing assistance on any subject at any level.
Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.
Get all your documents checked for plagiarism or duplicacy with us.
Get different kinds of essays typed in minutes with clicks.
Calculate your semester grades and cumulative GPa with our GPA Calculator.
Balance any chemical equation in minutes just by entering the formula.
Calculate the number of words and number of pages of all your academic documents.
Our Mission Client Satisfaction
excellent assignment, I am really happy with the work I got back, great use of the reading material and references were spot on.
At first i was skeptical about My Assignment Help site and was very worried because it was approaching due time and i was not yet notified of a solution and thought that it was a scum.However ,i was delighted and happy to see My assignment solutions...
I am happy to the result of my grades. Nice work assignment help. Thank you for helping me to do my homework. I will definitely recommend your site to my friends who are struggling too.
i got a good grades.. thank you assignment help. I am always enjoying using this service. I appreciate the hard working efforts. I can now work and study because of your help.