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The theory of factor price equalization suggests that wages eventually will equilibrate if labor is perfectly mobile. Suppose labor is not perfectly mobile. State an example of why labor might not be perfectly mobile. Draw a graph that shows how wages will not equilibrate in this instance, and explain whether the outcome is an equilibrium outcome
you have been asked to discuss the differences between the microeconomic definitions of supply and demand and the
question 1the smith corporation is a shoe-maker producing shoes branded p while its competitor produces shoes branded
opportunity cost is a very important economic notion. it is the cost of your next best opportunity. in economics this
Describe how the price system answers the five fundamental questions of economics, and discuss at least two of the short-comings of the capitalist price and market system.
Ryszard consumes two goods, x and y. His utility function is given by u = 4 + x for y >= 4 and by u = x + y for y
conduct research online to identify the various ways in which businesses interact with and manage their supply chain.
how did the bretton woods system operate? what caused its collapse? some think the current system of managed but
Lindenwood Valley believes the Massachusetts statute violates the U.S. Constitution by denying it due process of law. Lindenwood Valley also claims that the Massachusetts statute should be struck down because it violates the Commerce Clause. The..
explain how the answer would change if effectiveness of drip and flood irrigation depended on land quality. the answer
If countries can benefit with increasing their consumption possibilities through trade, why do so many countries place restrictions on trade?
$3500 is deposited every year with 6% interest each year. 38 equal deposits are made. How much money can be withdrawn in 20 equal payments,beginning one year after the last deposit?
part 1 firm perspective1. use the following article and your own research to answer the following questionscompetitive
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