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Trade tends to promote international and domestic equality by equalizing factor prices and raising real incomes of trading countries; particularly; relative wages in labor-abundant countries increases while relative wages in labor-scarce countries decreases as a result of trade.
Evaluate the underlined sentence. Do you agree or disagree with this statement? You cannot choose both agree and disagree. Type if you agree or disagree first, then shortly explain your reasoning with a paragraph in the context of the textbook of this course.
Assume that starting salary for an SDSM&T Industrial Engineering graduate is $56000/year, and that the engineer will work for 30 years before retiring. At 4% inflation (treat as interest), would it be better to negotiate a $5600 per year raise, or a ..
Describe the similarities between the health-care sector and it's problems and the higher education sector and it's problems. Why do these two sectors in our economy have similar problems?
Suppose total benefits and total costs are given by B(Y) = 100Y - 8Y2 and C(Y) = 10Y2. What level of Y will yield the maximum net benefits?
Describe the factors that the directors should take into account in making this change of policy and explain whether overdraft is likely to be the most suitable
Suppose a firm purchases labor in a competitive domestic labor market and sells its product in a competitive international product market that covers the whole world. Domestic producers represent a small portion of the world market and have no influe..
The ratio of total productivity to the total quantity of a variable input being used in production is. In the long run all production inputs are variable. Decreasing returns to scale prevail when output increases by a proportion that is smaller than ..
Graph the functions (a) y=-x^2+5×-2 and y= x^2+5x-2. with the set of values -5
Illustrate what type of economic flow would be illustrated by the purchase of a Mexican candy-making factory by a U.S. corporation.
Discuss the difference between tangible and intangible priorities and why ground rules are important when both parties are amenable to negotiate
An asset with a first cost of $250,000 is expected to have a maximum useful life of 10 years and a market value that decreases $25,000 each year. The annual operating cost is expected to be constant at $25,000 per year for 5 years and to increase at ..
Illustrate what are the optimal prices for each product if you sell these products separately. What are your firm's profits. Explain.
Why is popcorn so expensive at the movies? Argue both that a high price for popcorn is price discrimination and then argue that it is not price discrimination.
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