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1. What advantages are gained by a home country when its MNCs claim a bigger share of world markets? Are there groups in the home country that nevertheless would be adversely affected? What happens to domestic employment and wages?
2. Why can host countries gain from an inflow of investment by MNCs? What sorts of distortions in host countries may make such an inflow less advantageous? Do host countries need special policies to regulate the operations of MNCs?
Compute the elasticity for each variable and briefly comment on what that data gives you in each case.
Solve these conditions to obtain the steady-state values of C, K, and L. c. What is the effect on the steady state of an increase in b?
a representative consumer with preferences over goods x1 and x2 given by U(x1,x2)=1/2 log X1+1/2 Log X2. assume the consumer has an exogenous income of M=100. suppose initial prices are p1=3 and p2=5 calculate the optimal consumption of both goods
In the Nashville Radiology Group example given in the chapter, we assumed that the lease did not have a cancellation clause. What effect would a cancellation clause have on the analysis?
Suppose that an injurer escapes liability in three out of four accidents that he causes. Let the average damages per accident be $100,000 and assume the liability rule is strict liability.
In contrast, macroeconomics is concerned with things that affect the country as a whole, such as how the rate of teenage smoking in the United States would be affected by an increase in the tax on cigarettes."
sales 1990 116 1991 105 1992 29 1993 59 1994 108 1995 94 1996 27 1997 119 1998 34 1999 34 2000 48 2..
Shaw, Barry, Issa and Catley (2013) state society attitudes such as the tendency to view the natural world as ‘free and unlimited good' has led to or increased our environmental problems.
What assumption about X guarantees the existence of β'? Give an example where this assumption fails - Define the OLS residuals - non-stochastic stochastic explanatory variables and ut is a random disturbance
The following table contains information about the revenues and costs for Barry's Baseball Manufacturing. All data are per hour. Complete the first group of columns which correspond to Barry's production if P=$3. (TR=total revenue, TC=total cost, ..
Twenty-six observations are used to obtain the following regression results: DEPENDENT VARIABLE: LNY R-SQUARE F-RATIO P-VALUE ON F OBSERVATIONS: 26 0.3647 4.21 0.0170 VARIABLE PARAMETER STANDARD ESTIMATE ERROR T-RATIO P-VALUE INTERCEPT 2.9957 0.3545 ..
Suppose that a security costs $3,000 today and pays off some amount b in one year. Suppose that b is uncertain according to the following table of probabilities: b: $3,000 $3,300 $3,600 $3,900 $4,200 Probability: 0.1 0.2 0.3 0.2 0.2
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