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Question: There is an increase in the labor endowment of a country due to migration. Think about the huge influx from Russian Jews into Israel after the end of the Cold War. Show graphically what happens to the output mix in Israel -- you may assume that nothing changes to technology and that the international Prices stay the same. Use the Lerner Pearce diagram (the graph with the unit value isoquants and unitcost lines). Put capital on the Y and labor on the X axis. Assume two goods: good 1 is labor intensive, good 2 is capital intensive).
Venus Computer can produce 23,000 personal computers a year on its daytime shift. The fixed manufacturing costs per year are $2 million and the total labor cost
The United States is a net exporter of services to China. What does this imply about the magnitude of the deficit in the U.S. balance on goods and services with china compared with the size of the U.S. merchandise trade deficit with China? Why does a..
Evaluate the efficacy of major types of health clinical outcomes one can use in economic evaluation analysis. Provide at least one (1) example to support your.
These questions belong to economics and they are deal with microeconomics such as environmental policies on the economy. One of the neglected areas is transportation.
What is the difference between fixed costs in the short-run and fixed costs in the long-run - What is the difference between fixed costs in the short-run and fixed costs in the long-run?
create an overall index of resource reliance by adding together energy depletion forest depletion and mineral depletion
The relationship between the number of people
How do the relations between agriculture and industry differ between earlier and later stages of development? Why is an agricultural surplus often considered to be a precondition for industrialisation?
Define moral hazard in a general way and then provide a more specific definition of moral hazard in an insurance market.
What must be the minimum expected benefit from having the Masters degree in Option A in order for Suet Wing to choose option A over B?
In 1980, University of Maryland economist Julian Simon bet Stanford entomologist Paul Ehrlich that the price of any five metals of Ehrlich's choosing.
Aerotron Electronics is considering purchasing a water filtration system to assist in circuit board manufacturing. The system costs $40,000. It has an expected life of 7 years at which time its salvage value will be $7,500. Operating and maintenan..
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