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Suppose that in DanLand two goods can be produced: light bulbs and wires. It takes 3 hours to make a light bulb in DanLand and 4 hours to make a wire in DanLand. In YouLand two goods can be produced: light bulbs and wires. It takes 6 hours to make a light bulb in YouLand and 6 hours to make a wire in YouLand. If there are 800 labor hours available in both DanLand and YouLand show graphically each country’s clearly possible combinations of light bulbs and wires that can be made if the countries do not trade. You are supposed to show the graph in your discussion IP posting, it should be viewable in your posting without any clicking links, etc. In later discussion efforts you will be required to show a graphic in a discussion posting. Which country has a comparative advantage in which good? Fully explain why. If the countries can trade, what is the pattern of trade? Fully explain. Suppose that the country with a comparative disadvantage in light bulb production (i.e. the other country has the comparative advantage in light bulb production) is contemplating putting a protective tariff on light bulbs. Provide an argument for the tariff with appropriate justification. Provide an argument against the tariff with appropriate justification. Note that in parts d.i and d.ii some groups will be benefitted and some groups will be harmed. Identify in your responses to d.i. and d.ii. who is helped by the tariff and who is harmed.
Suppose that if you get contract, you estimate that you can win another project for two more units. Now what is your break-even price for those two units.
The Riparian use doctrine. The “beneficial use” of water principle.
Describe the likely economic impact to a company if its bonds are down-rated from AA to A in its annual review from Moody's and S&P. Find the price of a 20 year bond that has a coupon rate of 8%, pays semi-annual interest, and has a $1,000 face amo..
Sketch graph a standard short-run production function, and identify on it the points where the average product peaks, the marginal product peaks, and the marginal product reaches zero, and the average and marginal product intersect.
How do you recover an investment when the residual value is significantly less than the loan value.
What are some of the biggest challenges facing minority groups in law enforcement today? Identify some minority groups working in law enforcement and explain what challenges they face working in the field today. Do you feel that these challenges can ..
Part One of your textbook covers the first three chapters and is titled "The Legal Environment of International Business." There are three forms of international business, or methods of entering a foreign market. What are they and which internationa..
Identify one example of a price control that is used in the United States or in another country. Does the price control benefit or harm producers and/or consumers? Why? If the price control were not in place, what would happen to the price of the imp..
Suppose you are now 66 and can apply to receive Social Security Retirement Benefit starting this year. You would get (inflation adjusted amount of) $10000/year if you apply this year. Alternatively, you could delay applying for SS benefits until 70 w..
Free trade will affect a country's employment in different industries. When one individual writes a check to another individual the money supply will not be changed. A bank's required reserves are the fraction of deposits they are required by law to ..
Illustrate what is Fast Food's elasticity of demand. What does elastic, inelastic, or neither tell us about the elasticity of demand.
Do you think that the tit-for-tat strategy will be successful in maintaining cooperation in cases where the repeated prisoners dilemma is being played with a finite time horizon (i.e. players know when the game will end)? Explain. Imagine that you ar..
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