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Suppose there are only two countries, Nookshire and the Anniston. There are only two products, ale and swords. Both countries produce these products. Production of both products requires the factors capital and labor as inputs. In both countries, it takes two units of labor and one unit of capital to produce a keg of ale. In both countries, it takes one unit of labor and five units of capital to produce a sword. The Nookshire has twenty units of capital and forty units of labor. Anniston has forty units of capital and fifty units of labor. According to the Heckscher-Ohlin theory, which product does the Nookshire export, and which product does Anniston export. Why?
According to the Bureau of Economic Analysis, during the recession of 2007-2009 household saving as a fraction of disposable personal income increased from a low of just over 1 percent in the first quarter of 2008 to 5 percent in the second quarter o..
q.analysis the demand for housing is often described as highly cyclical and very sensitive to housing prices and
Forecast the demand for pizza in your community for the next four (4) months using the regression equation, including the assumptions that were used to create the demand. Justify the assumptions made related to the forecast
each job this auto body repair shop handles is a special order job. What type of costing method would this auto body repair shop most likely use.
Which of the following is the definition of the Consumer Price Index (CPI)?
At higher interest rates, banks will want to hold more reserves. An increase in the interest rate is associated with an increase in bond prices. Individual banks always respond quickly and significantly to changes in the discount rate. When one curre..
A firm currently uses 100 workers to produce 200 units of output per day. The daily wage (per worker) is $80, and the price of the firm's output is $50. The cost of other variable inputs is $600 per day. The firm’s fixed cost is 8,000. The marginal c..
The term "globalization" is increasingly being used in the study of international relations and international political economy. Increasingly, also, there are debates surrounding the definition of the term and the extent of relevance in the global ec..
Determine the point price elasticity of demand for Tweetie Sweeties.Determine the advertising elasticity of demand.What interpretation would you give to the exponent of N?
The top 25 most frequently used DRGs accounted for approximately _______ percent of all discharges under Medicare. When medical fee schedules are negotiated by two monopolists one representing patients and one representing providers the equilibrium m..
Suppose the United States sets a limit on the number of tons of sugar that can be imported each year. This is an example of a(n )?
Use the midpoint method to compute your price elastcityof demand as the price of compact discs increases. Compute your income elasticity of demand as your income increases.
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