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Suppose each worker in the home country can produce 2 cars or 3 TVs. Suppose each worker in the foreign country can produce 3 cars or 2 TVs. Assume that bouth countries each have 100 workers. Use the Ricardian model to answer the following:
What is the no-trade relative price of car in the home country?
What is the no-trade relative price of car in the foreign country?
An analyst has timed a metal-cutting operation for 50 cycles. The average time per cycle was 10.40 minutes, and the standard deviation was 1.20 minutes for a worker with a performance rating of 125 percent. Assume an allowance of 16 percent of job ti..
Consider a terrorist attack on a country, such as the Paris, France attack on November 13, 2015. In many cases, such an attack is expected to weaken economic conditions and reduce local interest rates. Predict how the weaker economic conditions would..
When looking at the US and Portugals internatnioal tourism between the countries, they have the same long term orentation value. How will the affect future international tourism between the countries in the future? what does this mena?
All of the following are considered to be problems associated with the use of concentration ratios to measure market power except:
q1. at equilibrium price an item is selling for 30 a unit. at this price consumers demand 100 units. if government
In many ways, courts are expected to be apolitical institutions of government. In what ways are courts, judges, and justices shielded from political pressures? In whats ways are they vulnerable to political pressures? Are the courts appropriate place..
how much should you be able to get if you sell your future inheritance to the Neopolitan Bank (or any other bank) right now? Explain your work and why your answer makes intuitive sense.
The difference between total costs and variable costs is:
q.you are given the following information about an economy c 0.80di i 200 g 500 x-im -30 t 14y.1. find equilibrium
Explain how many units of blood wil be used in the US. What is the level of consumer and prduce surplus.
Why doesn't the United States just give its chop surpluses to poor countries? What problems might such an approach Crete? If two-third of all U.S. farms fail to earn a profit, why do they stay in business? You need a government permit (allotment) to ..
What does it take to ensure that Starbucks' customers are satisfied? (Why) Is satisfaction an important metric for Starbucks to manage? Maximum of 50-75 words
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