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Project 2 will consist of an application of the theory of comparative advantage as augmented by endowment theory.
In your report, consider the economic inventory of the USA and use that inventory to predict the top 3 items the country is likely to export.
Should the exports be labor or capital intensive? Why? Conclude your report with an empirical test of your hypothesis. What are the top 3 exports of the USA. Are they labor or capital intensive at all?
Did this information match your prediction? The document should be doubled-spaced, and should be between 800-1000 words of core content (approximately 3-4 pages, excluding title page and references.)
Assume that under the Bretton Woods system, dollar is pegged to gold at a rate of $35 a ounce and pound sterling is pegged to the dollar at a rate of $2 = £1.
instead of legislation banning the imports, assume that the government enacts a special tax on imported clothing that is so high that the selling price of the imports would be equal to the selling price of the same clothing made in America.
In late 2006 and early 2007, orange crops in Florida were smaller than expected, and the crop in California was put in a deep freeze by an Arctic cold front. As a result, the production of oranges was severely reduced. In addition, in early 2007, ..
In 1996, Kodak paid a cash dividend of $1.60 a share. At year-end 1996, Kodak shares were trading at about $80 each share. In 1997 and 2001, Kodak paid $1.76, & in 2002 increased its dividend to $1.80.
Given an hour of production, Norway can manufacture ten cars and twenty trucks and Costa Rica can manufacture five cars and fifteen trucks.
The US government has two different methods to deal with illegal drug use. First, the government has tried a "war on drugs", with the idea of keeping illegal drugs out of the country. Second, the "just say no" campaign has been used to make indivi..
Determine what factors led to the mortgage default crisis and how did mortgage defaults affect banks involved in mortgage lending and mortgage investing Securitization
America spends more on every student in public education than any other developed country and yet performs at bottom of every international student achievement test.
economists often study and evaluate economic policies by country or region. as an economist evaluate different
The unemployment rate is the US fluctuated around 6% in 2002-2003 . Assume the full- unemployment rate is 5% What could the Fed do in 2002-2003 in order to bring the economy back to full-unemployment What did the Fed actually do
How might democratic states avoid a ‘protectionist backlash' against free trade and If there are gains from trade liberalisation, then why do countries so often choose protectionism?
The government institutes a tariff of 100. The drives the terms of trade price down to 120. Compared to free trade, what happens to total surplus when the tariff is put into place?
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