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Former Philippines president Marcos authorized construction of a new nuclear power plant on a known earthquake fault line in the providence of Bataan in the Philippines. The projected $500 million power plant was to be constructed by Westinghouse. The project was backed by EXIR-a U.S. government backed Export Credit Agency - which guaranteed Philippine loan to Westinghouse. The actual project cost amounted to $2.3 billion. Westinghouse was paid despite the fact that the nuclear plant never went online since it was built on a fault line. This illustrates an example of
What is the difference between relative factor endowments and relative factor intensities? What does the Hecksher-Ohlin theorem say about home versus foreign countries while they remain in autarky? What happened to the Leontief paradox when human ca..
The Credit Company offers to loan a college student $6200 for school expenses. Repayment of the loan will be in monthly installments of $308.75 for 24 months. What nominal interest rate is being charged on this loan? The nominal interest rate that i..
Use the data on U.S. real GDP below to compute real GDP per person for each year. Then use these numbers to calculate the percentage increase in real GDP per person from 1987 to 2005.
Suppose the production function for pasta is Q = 4kl. Does this cost function have increasing or decreasing returns to scale?
Economies around the world are becoming increasingly globalized. How does this globalization affect the choices you face in your economic decisions? Do the effects change if you think of yourself as a consumer or as a producer? Discuss whether consum..
Based on the collected data analyze the current macroeconomic situation and its impact on walmart and starbucks. Explore in particular illustrate how the two companies' respond to the macroeconomic conditions in terms of their:
q.assume firm ys production function is given by the following cobb douglas equation q 0.5 x l0.6 x k0.5 where l
Why will Open Table competitors have a difficult time competing against Open-Table? What characteristics of the restaurant market make it difficult for a reservation system to work? How did Open Table change its marketing strategy to succeed?
The following table shows the hypothetical labor requirements per ton of wool and per hand-knotted rug, for New Zealand and for India. Labor Requirements per Unit New Zealand India Per ton of wool 10 hours 40 hours Per hand-knotted rug 60 hours 80 ho..
A project manager must consider several components when overseeing the planning process of aggregate operationsspecifically, whether such components are factors that are internal or external to the organization. Which of the following factors would..
Firm C&D is a monopolist both in the US market and in the international market. The demand curve for the US market is QUS = 10 − PUS and the demand curve for the international market is QI =20−PI. The firm’s cost function is C(Q)=2Q+2. Suppose the fi..
Using your understanding of the financial system, the demand for money, banking and the money provide, interest and spending, the stock market, interest and investment.
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