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Question: 1. According to the Heckscher-Ohlin model, two countries can equalize wage differences by either engaging in international trade in goods or allowing high-skilled and low-skilled labor to freely move between the two countries. Discuss whether this is true or false, and explain why.
2. According to the standard Heckscher-Ohlin model with two factors (capital and labor) and two goods, movement of Turkish migrants to Germany would decrease the amount of capitalintensive products produced in Germany. Discuss whether this is true or false, and explain why.
Discuss how opportunity costs relate to Japan's cleanup efforts after the devastating earthquake/tsunami of March 2011. Begin the discussion by defining "opportunity costs." Then make a list of actions the Japanese government must accomplish to re..
In terms of trading bloc characteristics, how does the EU (European Nation) compare with the 50 States in the U.S. What does the WTO do that differentiates it from the section 201 provision of U.S. trade law What is Multilateralism and how has it be..
The United States and most other countries abandoned the gold standard during the 1930s. Why would the 1930s have been a particularly difficult time for countries to remain on the gold standard Do you agree or disagree with Congressman Ron Paul ..
John Maynard Keynes was the first to show that government policy could be used to change aggregate output and prevent recessions by stabilizing the economy. Describe the economy of the world at the time Keynes was writing.
The rally is the latest example of how the boom in North American oil output is no guarantee of abundant-or cheap-U.S. crude.
When determining the value to be paid for an merger, one of the factors considered is often,
Explain why China is experiencing a golf boom. Support your answer with details from the text. Compare and contrast the advantages and disadvantages of low-cost health insurance. Carefully explain the rational for people to invest in low-cost heal..
Movies are distributed in a variety of forms, not just first run theatrical presentations. What other ways are movies distributed? What are the different price points? Using this information, draw a fully labeled graph of the market for movies in ..
Which of the following situations will arise in the domestic market following the removal of an import quota? a. imports increase, domestic production increases, prices increase b. imports increase, domestic production decreases, prices decrease c. i..
Assume the exchange rate between United State, dollars and the Swiss franc was SFr1.6=$1, and the exchange rate between United State dollars and British pound was L1=$1.50.
Does either country have absolute or comparative advantage in any item? Give support for your answer through computing the "resource costs" or opportunity costs for both products in both countries.
Discuss how does the price elasticity of demand affect a company's strategic positioning for competitive advantage also discuss how may a company achieve competitive advantage?
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