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The three studies that Bivens (2005) reviewed indicate that offshoring benefits the US economy through both employment creation and price reduction. Bivens argues that the results from these three studies are not reliable at best and, in some cases, outright incorrect. Explain how Bivens arrived at this conclusion. Which side (Bivens’s conclusions or the results of the three studies) would you support? Explain why
q.the inverse market demand for mineral water is p200-10q where q is the total market output and p stands for price of
Describe the Discretionary and Non-discretionary Fiscal Policy you would advise
Rational expectations theory suggests that? short-run stabilization policy
Charlotte wishes to accumulate $93,000 in a savings account in 10 years. If she wishes to make a single deposit today and the bank pays 5 percent compounded annually on deposits of this size, how much should Charlotte deposit in the account?
Suppose that you have a business in which you hire five workers, to whom you pay $4 an hour. Suppose further that you have overhead costs of $100 a day and that you pay $1 in materials cost fo each item that your business manufactures. Assuming that ..
Draw the Edgeworth box of this situation and draw the contract curve. What dowe know about the proportion of peanut butter to jam held by Adam in any equilibrium?
What are some examples of companies that succeed and companies that fail in engaging their customers?
Regional economic integration can be seen as an attempt to achieve additional gains from the free flow of trade and investment between countries beyond those attainable under international agreements, such as the WTO. What are the pros and cons of th..
Janie deposits $10,000 in the bank today. Starting 3 years from now, she makes equal withdrawals of $1,00 for 5 years and then withdraws the remaining amount 10 years from now. How much will she be able to withdraw 10 years from now, assuming the ban..
What are the political and legal issues of South Africa. For instance the stability of the government, legal issues of concern to four business, etc.
Suppose that two consumers care only about the goods that they own. (The goods are private for them.) Starting from a competitive equilibrium allocation, is it possible for both consumers to be made simultaneously better off by trading with each othe..
A firm has a production function given by q=2 sqrt(KL) In the short run, the firm’s amount of capital equipment is fixed at K=100. The rental rate for K is v=$1, and the wage rate for L is w=$4. Find the firm’s short-run total cost function (STC). Ca..
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