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During China's Cultural Revolution in the late 1960s andearly 1970s, highly educated people were forced to move to farms and work in the fields. Some were common laborersfor eight or more years. What does this policy say about specialization and the PPC? Would you predictthat the policy would lead to an increase in output?
With the current U.S. economy in a weakened state, many companies are reluctant to implement any capital improvements or capital expenditures in fear of the economic uncertainty that exists that may negatively impact the cash-flow of the organizat..
Assume that in England five man hours of labor are needed to make each cask of wine and five man-hours are needed to produce each bolt of cloth,
Why do you think more than half of all the offshored jobs have gone to India Give an example (other than that in the textbook) of how offshoring can eliminate some U.S. jobs while creating other U.S. jobs.
The country of Benin both grows and imports rice. If the government of Benin wants their rice farmers to earn more for their rice than the world price but does not want its consumers to pay more for the rice than the world price
The German Chancellor Merkel stated that Europe is facing the biggest difficulty since WW2. Why? Determine the nature of this trouble?
A monopoly sells its good in the U.S. and Japanese markets. The American inverse demand function is pA=100-Qa, and the Japanese inverse demand function is p1=80-2QJ, where both prices, pA and pJ, are measured in dollars.
Assume that the you test Linder hypothesis through comparing Germany's absolute difference in per capita income from each of its trading partners with size of Germany's total trade with each respective partner.
I would have selected JEL industries as it is located in a nation which is part of the European Union and using Euro as its currency.
Two firms, firm A and firm B, are deciding whether each should implement a new pricing strategy, which may or may not result in a value war.
Pelican Point financial group's clientele consists of 2-types of investors. The 1sttype of investor makes many transactions in a given year and has a net worth of over 1 million dollar.
Japan has had an overall trade surplus in current years. Economists advice that this continuing phenomenon is due to many things, including an inappropriate exchange rate
A drug manufacturer sells a major drug in Europe and in the United States. The demand curve for the drug in Europe is P E = 10 - Q E, where P E is the price (in dollars per pound) and Q E is the quantity (in millions of pounds) sold in Europe.
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