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We saw that exports from China have effectively lowered relative wages for unskilled and semi-skilled workers in advanced countries. What has been the effect on wages in China? Explain these forces in terms of the "factor price equalisation theorem" in international trade theory. Do these forces also apply to other factor prices?
Explain your question and receive the step-by-step response ASAP. Describe in detail one factor which makes an industry a competitive industry and provide a real life example of this factor at work.
explain how rent seeking can lead to a drop in productin of goods and services. what role might the underground economy play in lessing the drop in productie activities
What is your price elasticity of demand for gasoline and why How important is fuel efficiency to you (particularly if you have purchased a car in the past three or four years) Do your driving habits change as the price of gasoline changes
a low-carbon-steel machine part operating in a corrosive atmosphere lasts six years and costs 350 installed. if the
1. suppose that an individual has a utility function uc h lnc hcrepresents consumption of a necessity good such as
Describe and discuss why characteristics of the labor markets should result in the similar wage rate for all jobs requiring the similar level of abilities and skills?
a. suppose your local congress representative suggests that the federal government should not intervene in the
Greg and Tanya Ridpath have two children, ages 6 years and 5 months. Their younger child, Ray, was born with a congenital heart defect that will require several major surgeries in the next few years to fully correct. Greg is employed as a salesperson..
what events toward the end of the 19th century enabled general interest magazines to become mass circulation magazines?
you are the owner of a small bread factory and are thinking of lowering costs and expanding. your small-business
Suppose we have a simultaneous moves entry game where the incumbent and the entry have to both decide on the strategies at the same time
Each consumer is given a voucher which entitles her, free of charge, to fifty units of education. (of course she can also use the voucher to cnosumer, free of charge, less than fifty units) If she wants more than fifty units of education
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