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DISCUSSION WEEK: Comparative Advantage in International Trade
Read the articles:
1) The Boomerang effect.
https://www.economist.com/node/21552898
2) Comparative Advantage and American Jobs.
https://online.wsj.com/article/SB10001424052748703555804576102500952966450.html
Choose question to answer:
A) Does the protection of one domestic industry harm another? Please explain.
B) Why does comparative advantage matter more than absolute advantage for trade? Please explain.
C) How does the H1-B visa program in the USA alter the comparative advantage of workers already in the US?
A stationery store to estimate the mean retail value of greeting cards purchased by its customers when they visit the store. A random sample of 15 customers indicates a mean amount of $2.55 with a standard deviation of $0.44 per customer per visi..
The Human Relations Department of Electronics Inc. would like to include a dental plan as part of the benefits package. The question is: How much does a typical employee and his or her family spend per year on dental expenses?
1) Use technology and a t-test to test the claim about the population mean mu(u) at the given level of significance alpha using the given sample statistics. Assume the population is normally distributed.Claim: mu(u)>76; alpha=0.05, Sample statisti..
Diastolic blood pressures are assumed to follow a normal distribution with a mean of 85 and a standard deviation of 12.
Write the equation of the regression line.- Explain what the y-intercept of the regression line indicates.- Interpret the slope of the regression line.
A corporate board of directors consisting of 15 persons is to form a subcommittee of 5 persons to examine an environmental issue currently facing the firm. How many different subcommittees are possible?
In all, n = 100 bottles were tested. Give two transformations that are suitable transformations to try that might achieve a distribution somewhat closer.
researchers studied the effects of adding an exercise program to dieting in the achievement of weight loss. a sample of
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Henderson Corporation makes metal sheets, among other products. When the process that is used to make metal sheets works properly, 92% of the metal sheets.
Arbitarily sampling one man and one woman from this population, determine probability neither is a Tay-Sachs carrier? Compute the probability both are carriers?
A confidence level is a percentage of a sample that indicates a certain section or range of data points that can contain a population parameter. The range itself is the confidence interval.
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