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Countries that are willing to tolerate an unusually high quantity of labour relative to their supplies of other factors would tend to export "labour -intensive" goods. Discuss using the Hechscher-Ohlin (H.O.) model.
Draw diagrams to show the gains and losses from international migration for the migrants, and workers and consumers in the sending and receiving countries. Show the effects on producer and consumer surplus and total welfare in each country. Assume th..
Suppose an economy’s real GDP is $46,000 in year 1 and $49,200 in year 2. What is the growth rate of its real GDP? Assume that population is 100 in year 1 and 102 in year 2. What is the growth rate of real GDP per capita?
Explain why including secondary benefits (such as increased economic activity near a new basketball stadium) as a benefit in cost-benefit
His expenses at the auto repair shop would be $30,000 for parts, $2,000 for taxes, and $3,000 for utility. What is the total amount of his explicit costs?
How can an individual be negatively affected by a politically charged environment in which they felt that they literally had no power? Why? Explain, example
During the recent recovery, we have noticed high profit levels and high production levels by firms, yet unemployment has remained relatively high. Explain this issue by discussing the use of capital and labor in the production of goods and services.
Demonstrate graphically how the price of land is determined. Show the effect of a tax on that land. Explain why that tax won’t cause the price of land to rise.
An L – shaped structure can be built for the service contemplated at a cost of $180,000, but an addition to this building will be necessary for storage, fifteen (15) years hence, at a cost of $100,000. A T-shaped structure can be built at the present..
generate your own PROC ABS which receives a parameter in registerebx, and returns the absolute value of the parameter in registereax;
describe which curve(s) shifted, explain why it shifted (shift factor), in which direction (right or left), and what is the resulting equilibrium price and quantity in comparison to the beginning price and quantity. The Organization for Petroleum Exp..
Explain the interest parity condition - including equilibrating mechanisms.
Explain the economic term for that law and the problem that economists would have with it. Work in the principles of demand, supply, surplus and shortage
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