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Question: 1. According to the Heckscher-Ohlin model, two countries can equalize wage differences by either engaging in international trade in goods or allowing high-skilled and low-skilled labor to freely move between the two countries. Discuss whether this is true or false, and explain why.
2. According to the standard Heckscher-Ohlin model with two factors (capital and labor) and two goods, movement of Turkish migrants to Germany would decrease the amount of capitalintensive products produced in Germany. Discuss whether this is true or false, and explain why.
China and Japan have two factors of production, land and labor. Both countries produce two goods: corn, which requires more land and computers, which requries more labor. Given that China is abundant in land and Japan is abundant in labor.
A firm purchases capital and labour in competitive markets at prices of r=$6/machine-hour and w=$4/labour-hour,respectively. With the firm's current input mix, the marginal product of capital is 12kg/machine-hour and the margi..
Calculate how much higher U.S. labor productivity will be in the year 2028 (relative to 2008) if productivity growth falls to 1.4 percent per year, its average rate during the period 1973-1995.
In the mid -1970s, Newsweek magazine report that the city of atlantic lowered its city bus fares from 40 cents to a 15cents a passenger. The number of bus riders increased by 15 percent after the fare cut. This set of reults indicates what the dem..
Assume foreign income rise to 108,000 and interest rate is allowed to temporarily diverge from world economy interest costs. What are the equations for IS and LM curves?
Evaluate the organisation's strategies: first for international entry, then for organising and structuring its global operations, and finally for maintaining competitive advantage in the face of new challenges and changing conditions.
Compare and contrast how well each of the five theories did in terms of explaining the pattern of labor flow in region.
The United States and most other countries abandoned the gold standard during the 1930s. Why would the 1930s have been a particularly difficult time for countries to remain on the gold standard Do you agree or disagree with Congressman Ron Paul ..
Suppose the domestic price (no-international-trade price) of copper is $1.20 a pound in the United States while the world price is $1.00 a pound. Assuming no transportation costs, the United States will
question 1adiscuss the advantages and disadvantages of free international trade.bassume that two countries are
Greece has few workers per unit of land while France has many workers per unit of land. Steel is labor intensive and rice is land intensive. According to the long run Heckscher-Ohlin model. The price of land use in Frances steel industry.
What is this year's rate of inflation? What term do economics use to describe this second outcome?
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