According to free trade theory, everyone can benefit when co…

According to free trade theory, everyone can benefit when countries engage in trade. While the economic gains from free trade can be obvious and clear, we have also discussed that free trade can pose several dilemmas or tradeoffs. List the four trade dilemmas discussed in class. For each, provide a brief explanation of the dilemma in your own words. Next, using the cases we have discussed in class, provide an example of each of the dilemmas. Finally, explain how/why your selected example illustrates the dilemma. One good paragraph (5+ sentences) for each dilemma should suffice. (5 points each; 20 points total)

“It is the maxim of every prudent master of a family never t…

“It is the maxim of every prudent master of a family never to attempt to make at home what it will cost him more to make than to buy. If a foreign country can supply us with a commodity cheaper than we ourselves can make it, better buy it of them with some part of the produce of our own industry employed in a way in which we have some advantage.” This quote illustrates which of the following theories:

In Exhibit 3, Cornerstone’s ALLL (Allowance for Loan and Lea…

In Exhibit 3, Cornerstone’s ALLL (Allowance for Loan and Lease Losses) increased from $495M (1.1% of gross loans) to $2,250M (5.0% of gross loans). Simultaneously, Panel F of Exhibit 2 shows provisions peaking at 2.55% of TA in Q2Y2 before declining. What does the timing of the provision peak (Q2Y2) followed by a decline (Q3Y2-Q4Y2) suggest?