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Even though their relative factor abundances differ widely, both India and the United States export similar agricultural commodities. What might explain this apparent contradiction of the Heckscher-Ohlin model?
q.suppose there are 2 economies. in each economy there are 2 outputs bacon and eggs which are produced with perfectly
In contrast to the federal government budget of the US, the budgets of the individual states
The price elasticity of demand for the final product affects the own-wage elasticity of demand for labor by affecting the magnitude of:
Why would one be unable to associate particular amounts of calendar time with the concepts of market period, short-run period, long-run period and historical period? Why does marginal cost have such a strong influence on the supply response of a firm..
An industry which generates detrimental externalities will have a marginal social cost higher than the marginal private cost to the industry.
What do you need to do to handle crisis. SLook at mistaken assumptions described. Why do such assumptions arise, and what can be done to overcome se biases.
Which of the following best explains why a $7 billion tax cut can lead to a $9 billion increase in consumer spending in the short run?
For the total variable cost (TVC), draw a positive total fixed cost (TFC) and total cost (TC) curves. Then derive the associated marginal cost (MC), average total cost (ATC), average variable (AVC) and average fixed cost (AFC) curves. Be sure to capt..
a marketing order for oranges has a fixed total supply of q1000 crates a month. demand in the fresh orange market is qf
Suppose 1.5% of the antennas on new Nokia cell phones are defective. For a random sample of 200 antennas, find the probability that
It can be really hard to engage this kind of thinking because it requires risks that aren't even known or knowable, but it's these very risks that reap the biggest rewards. So, as a leader how might you evaluate an option like this? What would it tak..
Meyer describes the "Tragedy of the Commons." The IMF article explains how this type of problem is an example of an "externality." What is an externality?
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