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1. "Alpha, a country with abundant labor and scarce capital, initially has completely free trade with the outside world. If Alpha imposes a tariff on imports, its ratio of wages to return on capital will rise." Do you agree? Why or why not?
2. What role do factor intensities of production play in the factor proportions theory of trade? If there were no differences in the factor intensities of the goods produced, how could that affect the predicted pattern of trade?
A procedural means of lowering the cost of litigation is to "bifurcate" (separate) the issues of liability and damages into separate trials. This allows society to save the cost of a trial in cases where the defendant wins. Suggest why this may ha..
How does a minimum wage imposed under monopsony differ in results as compared with a minimum wage imposed under perfect competition? (Assume the minimum wage is above the market-determined wage.)
An undergrad research project examines the effects of urbanization on GDP in the developing world. What is the best way to proceed, what assumption must be made, and what limitations are unavoidable
at a particular academically challenging high school the average gpa of a high school senior is known to be normally
What insights does this exercise provide about why firms are more likely to interview and hire applicants with white-sounding names?
how does his principle of liberty remedy this oversight?
the city council of collegeville receives a petition from students complaining about the high rents in town. As s result the council creates a price ceiling that is $100 below the equilibrium price. What is the new market price
Draw his budget constraint line. What is his opportunity set?
What factors do you think you control that will help you have a higher quality of health?
A student wants to buy a car. The car's sticker price is $24,000. The student cannot afford the dealer's terms - 12% interest for 60 months, because the student only has a $500 monthly disposable income. What is the highest rate the studen..
Policy application . What would be the advantages and drawbacks of replacing the US individual income tax with a value-added tax? What if the VAT instead replaced the state retail sales tax? Who would be the gainers and losers in each case?
Dependence of the saving rate, population growth rate and depreciation rate on the capital intensity Assume that the production function satisfies the neoclassical properties
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