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What is the empirical relevance of the H-O theory and the new trade theories? What is the relationship between transportation costs and nontraded goods and services? How do transportation costs affect the H-O theorem? How do they affect the factor-price equalization theorem?
Provide an intuitive explanation of the Principal-Agent problem and discuss any mechanisms used to mitigate the problem. You should use the business owner-manager problem as an illustration.
List and describe the four types of unemployment. Using the expenditure approach, give an equation for GDP. Now explain it. If the CPI for 2006 was 170 and the CPI for 2007 is 204, what is the current inflation rate?
President-elect Trump would like to increase de barriers higher tariffs or by (through renegotiating trade deals which have had led to lower barriers to trade) in order to keep more jobs in the U.S. Assume input costs (wages) are higher in the U.S. t..
Suppose the own price elasticity of market demand for retail gasoline is -0.9, the Rothschild index is 0.3, and a typical gasoline retailer enjoys sales of $2,350,000 annually. What is the price elasticity of demand for a representative gasoline reta..
You run a chain of movie theaters, so you commission a marketing study that categorizes your potential customers into 10 equal-sized groups according to what they’re willing to pay for a movie ($10, $9, $8, $7, $6, $5, $4, $3, $2, $1).
q.the warren amp smith company manufactures commercial zippers of the two kids x and the kind y. its production
What roles did the executive, the legislature, and the judiciary play in the development of civil rights? What are examples for EACH branch.
Some methods of initial assessment appear to be more useful than others. If you were starting your own business, which initial assessment methods would you use and why? Keep in mind the necessity of being able to measure assessments.
(i) Construct a payoff matrix for this game. (ii) Determine whether each firm has a dominant strategy and, if it does, identify the strategy. (iii) Determine the optimal strategy for each firm.
Suppose the investment demand function is given as the following algebraic function: I = 300 - 1000r where r is the interest rate.
What is being assumed about the timing of wage setting and price setting that enables us to say that the economy is always on the PS curve but only on the WS curve in a medium-run equilibrium? What timing assumptions would deliver the result that the..
Cell phone data plans are most useful when used with a smartphone, and smartphones are most useful when used with a data plan. As the price of data plans falls, the demand for smartphones will:
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