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Economics
As an international economist you have been asked to prepare a short speech which answers the following questions:
1. How does the Heckscher-Ohlin theory differ from Ricardian theory in explaining international trade patterns?2. The Heckscher-Ohlin theory demonstrates how trade affects the distribution of income within trading partners. Explain.3. How does the Leontief paradox challenge the overall applicability of the factor-endowment model?4. According to Staffan Linder, there are two explanations of international trade patterns-one for manufacturers and another for primary (agricultural) goods. Explain.
If average variable price are assumed to remain constant over a 10 percent increase in output, evaluate the effects of the proposed price cut on total profits.
Which of the following nation would you expect to have intertemporal production possibilities biased toward current consumption goods, and which biased toward future consumption goods.
Explain how much utility will the marginal dollar yield.
Assume that an engineer is deciding either not to move to northern Virginia or remain at his current job in Milwaukee.
Calculate the predicted change in tickets sold if the price were raised to $11. Also elucidate the expected change in total revenue.
Show that the government can achieve the social optimum by setting the correct tax prices a, b, and c. What prices should it set?
Find out the income elasticity of demand. Elucidate whether gas is a normal or inferior product.
Price benefit analysis of an irrigation project describes the ratio of the discounted current value of benefits to costs is less than one.
In this case there will be a cash outlay of $550,000 at the end of the first yr followed by a cash payment of $650,000 at the end of the second year.
Suppose Japan agreed to a voluntary export restriction which reduced US imports of Japanese steel by 10 percent. What would be the likely short-run effects of that VER on the U.S..
Utilizing the economists model of individual choice comparing the marginal costs and marginal benefits of a choice.
Explain how does that rate compare with the rate in the previous month. What were the unemployment rates for adult men, adult women, teenagers, blacks, Hispanics, and whites.
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