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Each of the following theory statements is true except one. Which one is false? ( )
A) Factor-endowment Theory (Heckscher-Ohlin) says that a nation will export the product that uses a large amount of its relatively abundant resource and import the product which in production uses the relatively scarce resource
B) Factor-price Equalization Theory says that trade leads to a nation's cheap resources becoming relatively more expensive and the expensive resources becoming relatively less expensive
C) Stolper-Samuelson Theoremsays that even though free trade may provide overall gains for a country, the owners of relatively abundant resources will win and the owners of relatively scarce factors will lose
D) Specific-factors Theory says that resources specific to export industries gain as a result of trade while resources specific to import-competing industries lose
E) Increasing-returns Trade Theory says that nations with negligible differences in comparative-advantage have no basis for trade even if they can take advantage of massive economies of scale
If your bank held 3% of the units issued by a unit trust and the mortgages in the trust repaid $15,000,000 in interest and $2,300,000 in principal in its first year, how much principal and interest would your bank receive that year
There are 300 purely competetive farms in the local dairy market. Of the 300 dairy farms, 298 have a cost structure that generates profits of $24 for every $300 invested.
Do you think the introduction to Wilkinson's profile was effective or not and why? Write down your answers in a well developed paragraph of 8-10 sentences.
Bygrave forecasts incremental annual sales revenue of $940,000. Similarly, Bygrave expects total variable costs to increase by $500,000, and total fixed costs to increase by $80,000. Bygrave's marginal tax rate is 39%.
Show that β^ is an unbiased estimator of β and obtain its variance-covariance matrix. How can the standard errors of the elements of β^ be estimated?
the answer to each question should be a short to long paragraph.1 how does an expansionary monetary policy work?
One hundred compressors of 200 H.P. rating are being considered for purchase by the state highway department. The compressor index was 400 five years ago and is 520 today. The cost of 150 H.P. compressors bought five years ago is as follows.
assume that a firm acts as a price taker. regardless of the demandit sells each unit of its product for 5.a assume that
recently the owner of a trader joes franchise decided to change how she compensated her top manager. last year she paid
Plot the MC curve on the same graph as the ATC curve, and verify that it cuts the ATC at its minimum point.
Do you agree or disagree with the statement that: "A monopolist always changes the highest possible price Why can't an individual from a firm raise it's price by reducing output or lower its price to increase sales volume in a purely competive mar..
Let a linear demand function be expressed as Q = a + bP, where b
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