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1. Each of the following theory statements is true except one. Which one is false? ( )
A)Factor-endowment Theory (Heckscher-Ohlin) says that a nation will export the product that uses a large amount of its relatively abundant resource and import the product which in production uses the relatively scarce resource
B) Factor-price Equalization Theory says that trade leads to a nation's cheap resources becoming relatively more expensive and the expensive resources becoming relatively less expensive
C) Stolper-Samuelson Theoremsays that even though free trade may provide overall gains for a country, the owners of relatively abundant resources will win and the owners of relatively scarce factors will lose
D) Specific-factors Theory says that resources specific to export industries gain as a result of trade while resources specific to import-competing industries lose
E) Increasing-returns Trade Theory says that nations with negligible differences in comparative-advantage have no basis for trade even if they can take advantage of massive economies of scale
The services of a certified psychologist cost $110 per hour, and an extended health plan covers 50 percent of that cost. Under the plan, the clients covered used 625 hours of this service in a typical three-month period. To save money, the extende..
A. The Federal Reserve Bank then buys (purchases) $250,000 of U.S. government securities on the open market from Mr. X who has his checking account at Wilber National Bank. Show how you determine your answer and indicate the numerical effect this op..
Compare and contrast the simple (deer and beaver) and complex (Glasgow factories) versions of Adam Smith's theory of value.
consider the following situation in the country as labor market if the wage is w 700 workers will provide l 10 units
How do these translate into a competitive advantage?
Use your direct demand function to construct an equation and column for TR. What is the total-revenue maximizing price and quantity, and how much revenue is earned there? Compare that to the TR when P = $83 and P = $70.
nbspsuppose that a firm faces a demand curve that has a constant elasticity of -2. this demand curve is given by q
What number of units will minimize the standard deviation of their return? What is this minimum value? And what is the corresponding return?
Draw the US consumption possibility frontier under the assumption that it can trade at Canada's rate of transformation.
Test the null hypothesis of independence of the two qualitative variables A (political affiliation: A1 = Republican; A2 = Democrat; A3 = Independent) and B (education: B1 = high school; B2 = college; B3 = graduate school)
The following table gives the joint probability distribution between employment status and college graduation among those either employed or looking for work (unemployed) in the working age U.S. population for 2008.
What was the rate of increase for these automobiles between the two time periods?
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