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Explain the impact of global value chains on world trade. What role do multinational corporations play in these chains?
- Definitions of Global Value Chains - Drivers of global value chainsTechnological progress and trade costs
Economic and trade liberalisation - Impact of Global Value Chains on World Trade - Role of Multinational Corporations - Challenges Ahead
In the late 1990s a growing number of economists argued that world policymakers were focusing too much on fighting inflation. The economists also argued that the technical level of potential output had risen. Show their argument using the AS/AD mo..
There exist a single valid instruments zli. then the model is Select one: overidentified, underidentified and exactly identified
Germany consumers have $50 in income "their gross domestice product". They spend $35 on consumer goods "$25 on Germany goods and $10 on imports", they save $8, and pay $7 in taxes. The government collects $7 in taxes and spends $10 on locally-made..
During 2002, the working-age population increased by 353.0 thousand, employment increased by 364.2 thousand, and the labor force increased by 469.5 thousand. Calculate the labor force participation rate for 2002.
FULL KARMA FOR COMPLETE RESPONSES. In an infinitely repeated game between two firms, suppose that each earns a payoff of 20 if they collude on price and 20 if they compete on price. If one firm sets the collusive price and the other "cheats", the ..
Also assume that the firm faces competitive input and product markets and that the two inputs are gross complements in production. Show graphically the long-run labor demand as the wage increases. What happens to long-run demand for capital? Be su..
assume that nominal income is 35000 and the price index is 1.20 in year 1. in year 2 nominal income rises to 38000 and
You are appointed secretary of the treasury of a recently independent country called rugaria. The currency of rugaria is the lav. The new nation began fiscal operations this year
Two investments have the following expected returns(net present values) and standard deviation of return. Product A Expected return$50,000 Standard deviation $40,000 Product B Expected return $250,000 Standard deviation $125,00.
the demand for the bus 207 textbook qx is given by the following equationqx 100 - 5.0 px 1.5 py - 2 pz 4.7
The average cost is AVC = 3500 - 6Q + 0.005Q square If the industry is competitive, estimate the shut-down price. If the market price is below shut-down, regardless of fixed costs, explain why the firm should shut down.
a) If pizzas sell for $14, what is Pat's profit-maximizing output per hour What is her profit (or loss b) What is Pat's shutdown point (Hint: how low can Pat's price get before is shuts down) c) Graph Pat's MR, MC, ATC on the same diagram.
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