Computers must be the capital-intensive sector

Assignment Help Business Economics
Reference no: EM131004512

TRUE or FALSE, explain why using sentences, graphs, or equations

(a) In the Heckscher-Ohlin model, if the share of country’s capital used in Computers is higher than the share of country’s labor used in Computers, then Computers must be the capital-intensive sector.

(b) Consider a specific factor model with labor as a mobile factor. Holding goods prices fixed, immigration reduces country’s welfare because it lowers wages.

Reference no: EM131004512

Productivity growth for each of production functions

Consider the following two production functions: Y = AK^(α)L^(1−α) and Y = AK. Define the growth rate of gA = ΔA/A. Calculate productivity growth for each of the production fu

Absolute value of Donalds MRS is equal to the price ratio

Donald is a stamp collector. The only things other than stamps that Donald consumes are Harold’s doughnuts. It turns out that Donald’s preferences are quasilinear, represented

How many years will the retirement account last

After a long career an engineer retires with $1.4 million in a retirement account. The engineer spends $94,000 per year from this account in retirement and the account earns 3

Why he deadweight loss would be larger in the market

The demand for milk is more elastic than the demand for water. Suppose the government levies an equivalent tax on milk and water. W hy he deadweight loss would be larger

What uniform annual amount must be invested

A computer costs $1, has an estimated life of 10 yrs and a scrap value of $1500. Assuming no inflation and an interest rate of 4%, what uniform annual amount must be invested

Indicative of unstable multiparty system

What would likely be indicative of an unstable multiparty system? Which of the following "isms" is committed to a significant reduction in economic inequalities, but not total

The potentially valid arguments for tariff protection

“The potentially valid arguments for tariff protection—military self-sufficiency, infant industry protection, and diversification for stability—are also the most easily abused

Gives one midterm exam and one final exam

1. Professor Stern's colleague, Dr. Schmertz, gives one midterm exam and one final exam. He weights the final twice as heavily as the midterm to determine the course grade.


Write a Review

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd