Ratios across countries and then compare these ratios

Assignment Help Microeconomics
Reference no: EM13861119

If economists wish to determine relative factor abundance across countries, why don't they simply calculate wage/rate ratios across countries and then compare these ratios? 

Reference no: EM13861119

Questions Cloud

The same amount of money to spend : This week Greg bought 5 cans of tunafish at $1 each and 4 packages of pasta at $2 each. Hismarginal utility from tuna is 25 units of utility per can and his marginal utility from pasta is 60 units ofutility per package. Next week he'll have the same ..
How is the original neoclassical assumption model : How is the original neoclassical assumption model for the labour market set up? How do you get the iso profit curve?
How revenues of the relevant firms : Which of the following statements below support how revenues of the relevant firms would change given the following events: Oil well in Eastern Pennsylvania close because of environmental violations reducing the annual revenue to drillers in eastern ..
The revenue of non middle eastern producers : Which of the following statements below support how revenues of the relevant firms would change given the following events: Oil well in Eastern Pennsylvania close because of environmental violations reducing the annual revenue to drillers in eastern ..
Ratios across countries and then compare these ratios : If economists wish to determine relative factor abundance across countries, why don't they simply calculate wage/rate ratios across countries and then compare these ratios?
The depreciation of currency : The depreciation of currency will: Worsen a country's comparative advantage. Have no impact on a country's comparative advantage.
Which contractionary monetary policy works : 1.Which of the following is the path through which contractionary monetary policy works? Money down implies interest rate down implies investment up implies income down. Money down implies interest rate up implies investment up implies inco..
Greg bought 5 cans of tunafish : Greg bought 5 cans of tunafish at $1 each and 4 packages of pasta at $2 each. Hismarginal utility from tuna is 25 units of utility per can and his marginal utility from pasta is 60 units ofutility per package. Next week he'll have the same amount of ..
Determine the market price and quantity of a good : This assignment reviews how supply and demand interact to determine the market price and quantity of a good or service. You have been given an Excel spreadsheet with data on different variables determining demand and supply for a given product (e.g. ..

Reviews

Write a Review

Microeconomics Questions & Answers

  Which is worse-monopolies or competition

Given the recent events in the US Airways and American Airlines merger, one has to wonder, is the airline industry monopolistic? Which is worse, monopolies or competition? Describe your answer.

  Causing a decrease in discount loans to the banking system

Suppose that the Fed raises the discount rate, causing a decrease in discount loans to the banking system. Assume that the decrease equals $950 in discount loans. Show how this change in discount loans affects the liabilities and assets of the Fed an..

  What type of unemployment is the quote referring to

What type of unemployment is the quote referring to? What may happen if workers become discouraged?

  Discuss the federal reserves use of open-market operations

Discuss the Federal Reserves use of open-market operations to influence the money supply and the respective consequences of such actions.

  Effect of mass transit subsidy on auto use-transit ridership

A mass transit subsidy will result in auto use and mass transit ridership levels that are closer to their social optimums than would occur without the subsidy. Use the graphical model discussed in class to explain the effect of a mass transit subsidy..

  Discuss general purpose technological

One of the stumbling blocks of Voice over IP has been the implementation of a 911 service. The given story appeared on the newswires on Tuesday:

  Composite commodity for ground transportation

How might one define a composite commodity for ground transportation?

  Increase or decrease price elasticity

F8. Dr. Old requires that all services be paid for a time of treatment, in cash. If he decided to allow patients to pay with credit cards, will it increase or decrease price elasticity?It will increase price elasticity because more options of payment..

  How measure the opportunity cost of producing a good

How can we measure the opportunity cost of producing a good? Using a bowed outward production possibilities curve between ice cream and hammers, identify graphically the opportunity cost of obtaining an additional hammer.

  Investor is considering the construction of a new marina

An investor is considering the construction of a new marina on the Detroit river at a cost of $68m. M&O costs will average $80,000 per year for the first five years, and rise to $100,000 per year thereafter. A major overhaul costing $12m will be requ..

  Find the current macroeconomic situation in us eg is us

find the current macroeconomic situation in u.s. e.g. is u.s. economy currently concerned about unemployment inflation

  For each of the given cases compute point price elasticity

for each of the following cases calculate the point price elasticity of demand and state whether demand is elastic

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