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Assignment:
Explain how relative factor abundance can determine the nature of trade flows between countries, making certain to point out any needed assumptions. Then, state the Heckscher-Ohlin theorem and discuss at least two situations that could lead to contradictions to this theorem.
Could it be possible that a government regulation led to flash crash and what does it mean "it's like a balloon"? What is like a balloon? Why is it like a balloon?
It was recently noticed that the price of milk has decreased. Explain at least four factors that could be responsible for the decrease in price
How does your consumption of the two goods change? How does your response depend on income and substitution effects? Can you afford the bundle of soda and pizza you consumed before the price changes?
Tell me the three ways in which a Government may respond to the problem of monopoly
Popular software can cost thousands of dollars even though the marginal cost of producing another copy on CD. What kind of good are these programs?
Why does a reduction in the price of a good increase consumer surplus? Discuss
Identify complementary relationships, where companies are not necessarily selling the same product or service, but need each other to perform well in the Middle Eastern marketplace.
If you hold shares in a corporation and management decides to plow back the company's earnings some year instead of paying dividends, what are the advantages and disadvantages to you
List and explain the 3 decision process questions confronting the producer in pure competition. 1) Total Revenue = price*quantity (TR=P*Q) 2).
what are the different types of unemployment? how do they affect the economy in terms of growth labor force and price
An office supply store sells a team of printer paper at a fix price of $4.50. Which of the following is a term used by economist to diatribe the money received from the sale of an additional team of paper?
Jeans and alligator or animal shirts: The plain pocket jeans and the Lacoste knockoffs often cost 40% less than brand-name items, yet the knockoffs are essentially identical to the brand-name items.
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