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The? Stolper-Samuelson theorem predicts that trade will cause countries with relatively scarce supplies of unskilled labor
A. to see wage increases for unskilled? labor, since the supply curve has moved left.
B. to see wage decreases for unskilled? labor, since unskilled labor will be used less in making exports.
C. to see wage increases for unskilled? labor, since the demand curve? (relative to skilled? labor) has moved right.
D. to see wage decreases for unskilled? labor, since unskilled labor will be used less in making imports.
Explain how supreme as well as comparative advantages were used in your simulation.
In February 2015, Wal-Mart announced that it would increase the pay rate for all its lowest paid workers. Is this wage increase a growth in fixed costs or variable costs? Would it be affected by output? If Wal-Mart's sales drop off, how might the sto..
Supply and Demand in the Cell Phone Market. As wages increase for Apple Workers, what happens to the price and quantity of iphones? As the price of drone phones decrease, what happens to the price and quantity of iphones? If the government taxes cell..
For a monopolist, if price is above average total cost, the monopolist is...
The typical firm in a monopolistically competitive market does not earn long-run economic profit. Does that fact make it economically efficient? Explain why the firm will not able to earn long-run economic profit.
Suppose a company demands function is Qd=220-5p a. At what quantity is the company total revenue maximized? b. What is the company's maximum total revenue? c. what is the company marginal revenue when its total revenue is maximized? d.What is the com..
In the past, some people believed that the Federal Reserve routinely expanded the money supply during presidential election years in order to stimulate the economy and help the incumbent president. For this question, assume that the Fed increases inf..
Elucidate how much will each worker have to pay per unit to provide the socially efficient quantity.
For each of the following, use an ADIIA graph to show the short-run effects on output and inflation. Assume the economy starts in long-run equilibrium.
Given today’s fierce global competitive environment, a decrease in mandatory payments by employer to health care companies and providers for overhead health care benefits for workers would lead to an increase in what?
Assume the market for ceiling fans is perfectly competitive and is currently in equilibrium.
A store in New York, has offered rebates of $2 off the regular $100 price on their microwaves. The firm has observed a positive sales increase of 8% over the previous month’s sales. What is the point price elasticity of demand for jeans? If marginal ..
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