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What happened to leontif paradox when human capital embodied in us exports was accounted for as a separate factor of production? Does this help to explain why college students might favor international trade more than those with significantly less education and training? is your answer to the second question consistent with the prediction of the stopler-samuelson theorem?
The market where business sell goods and services to households and the government is called the
Hart's Floral Shop sells bouquets for special occasions. Annual demand is 500? bouquets, the? company's cost to place an order with its vendor is? $25, and the cost to hold a bouquet in inventory for a year is? $15. If Hart orders from its vendor in ..
A production process exhibits economies of scale if:
In a small open economy with a flexible exchange rate, an expansionary fiscal policy will cause which of the following to happen?
Illustrate what would be new equilibrium if re is an increase in autonomous import expenditure from 100 to 200 which result from an increase in currency exchange rate.
Explain the Mutiplier Effect. Try to explain it in some detail so that someone who did not know anything about economics would be able to gain a fundamental understanding of it. Use a visual aid to help the observer understand the concept.
Assume that the dairy industry is initially in a perfectly competitive equilibrium. Assume that, in the long run, the technology is such that average cost is constant at all levels of output. Suppose that producers agree to form an association and be..
In her economics course, Nancy has two exams. Her overall score for the course will be the maximum of her scores on the two exams. Nancy decides to spend a total of 400 minutes studying for these exams. On a graph with x1 on the horizontal axis and x..
q1. a firm that finds it extremely expensive to monitor the output of each worker will likely pay its workersq2. which
A financial institution has entered into a 10-year currency swap with company Y. Under the terms of the swap, the financial institution receives interest at 3% per annum in Swiss francs and pays interest at 8% per annum in U.S. dollars. Interest paym..
Assume that only one health condition ever afflicts people for which one treatment is available, costing $100,000. The condition is very bad, so all consumers would be willing to pay for the treatment even if they did not have insurance. Consumers al..
The text defines an economic system as, Dynamic efficiency measures, Which of the following legal forms of business organization provides for limited liability? Privatization in transition economies is often justified on the grounds of increasing
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