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Read the article, India, Known for Outsourcing, Expands in Industry. Write a paper (250-350 words total) answering the questions below. To access the article, click on the link below. (SLO 1, 2, 3, 4, 6).
1. What does the article say about the importance of international economics, the principle of comparative advantage, and modern trade theory?
2. Discuss how production based on comparative advantage can increase domestic employment in India.
Joe's search costs are $7 per search. He wants to buy a DVD player for his wife for Christmas and lowest price he's found so far is $200. Should Joe continue to search or buy a DVD player at a price of $200.
How should the manufacurer respond to this competitive threat? Suggest at least two alternatives.
Assume that a firm employs labor and capital by paying $40 per unit of labor employed and $200 per hour to rent a unit of capital. What is the firm's optimal combination of capital and labor?
Discuss the conditions that will help the union achieve the objective. Why might a union be unable to meet its goal?
In what ways has the U.S. system been affected (positively and negatively) by these regulations?
An industry can be characterized by the following production function. Explain how would you characterize the returns-to-scale in the industry.
You will need to determine how you will measure strict gun control laws for the states and to define what types of crimes will make up the crime rate.
Its price for an engine overhaul is less than Illustrate what it costs Pam AM to do an overhaul themselves.
Which of the following are flows. If a flow, which of the five major kind(s) of capital does it increase or decrease.
How company is the low-cost provider of these boxes with fixed cost of $480,000 per year, plus variable cost of $30.00 for each box. Annual demand and marginal revenue functions for the company are.
It is a common belief that social security benefits will run out in the near future. How can we save social security?
How might you construct a measure of the "change in the price level" What additional information might you need to construct your measure.
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