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Which of the following trends favor a more labor-intensive method of production? (choose more than one)
A growing number of desperately unemployed people as the result of rural-urban migration
A limit to the level that wages can fall (subsistence)
multinational corporations face fewer restrictions on global movement of capital equipment
higher productivity of labor as the result of training
Immigrants to the urban areas of less developed countries develop higher productivity as the result of better nutrition
less developed countries enforce a living wage (minimum wage) policy
Elucidate how each of the following people would talk about scarcity and trade-offs. The President of the United States and the leader of a developing nation.
Discuss and contrast the features of the retirement plans offered by Creative Games and United Manufacturing. And then explain how you would use each of these plans in developing your own retirement program.
Money acts as a unit of account, medium of exchange, or a store of value. Describe each of these different functions.
In 1870, the U.S had an average income of about #2758 and the U.K of about $3463. In 1999, the figures were $30,600 and $22,640, respectively. If each country grew at a constant rate over these years, in which year did the U.S. overtake the U.K. in t..
What are the potential implications of globalization without consideration of cultural differences on ethical issues? Cite specific examples.
In equilibrium, what is the price and quantity of toasters? What kinds of toasters are bought and sold and which option will a low-quality producer choose
There is a market with inverse demand given by p(Q) = 240Q. Firm A (the incumbent) has to make an irreversible decision on how much capacity to build. After A decided on its capacity, Firm B (the entrant) will decide whether or not to enter this mark..
With regard to consumerism, immigration, and nutrition, where do you find their critiques compelling.
So if trade barrier is reduced the Chinese economy will go down also affects the economy of the whole world. Do you agree or disagree with this argument.
Illustrate how much will they have accumulated principal plus interest when they reach 65 years old. What is the moral of this situation.
Suppose you are considering moving your company’s headquarter from Nashville to LA. Last year you paid $100,000 for an option to buy a building in LA. The option gives you the right to buy the building at a cost of $1,000,000, so that if you ultimate..
Industry structure is often measured by computing the Four-Firm Concentration Ratio. Suppose you have an industry with 20 firms and the CR is 30. Explain how would you describe this industry.
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