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Home and Foreign are two identical countries except that people in Home work twice as hard of those in Foreign. Each has two industries (Steel and Shoe industries), where steel production is capital intensive and shoe production is labor intensive. Under the standard Hecksher-Ohlin model with two factors of production (L, K), what would be your prediction of the patterns of trade between these two countries? What do we know about wage rates before and after trade in these two countries?
The coach wishes to Conclude how to assign four swimmers to the four different strokes to minimize the sum of the corresponding best times.
q.suppose that there is a unit mass of consumers who are uniformly distributed on the segment01. two firms are located
q.hana takes two examinations. her overall grade for the course will be the maximum of her scores on the two
Illustrate what two policies could you use to reduce the total amount of emissions.
q1. the market demand and supply functions for pork are qd 2000 - 500p and qs 800 100p. to help pork producers the
Write down an expression π(q ) for profits as a function of q. Find profit-maximizing choice of q for Smith and corresponding price and profit.
According to the absorption approach, does it make any difference whether a nation's currency depreciates when the economy is operating in less than full capacity versus a full capacity?
Every may either 'cooperate' with its rival or 'cheat' in every period of play. If both cooperate, they earn $100 every in that period.
After the first course in biology or chemistry, many decide to major in something other that the natural sciences. which of the 12 principles is at work here?
Two identical company's save money from polluting. A company's marginal savings from emitting an amount are given by 10 - 2e. The two firms differ in their impact on ambient pollution concentrations.
The result was an increase from $8 to $32 per unit per year. What were the effects of these changes on Belk's economic lot size and relevant costs?
the circumstances under which you need information regarding her preferences to determine which package she should choose.
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