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Theories of comparative advantage
How would each of the following theories of comparative advantage explain the fact that the United States exports computers?
a. Productivity differencesb. Factor abundancec. Human Skillsd. Product life cyclee. Preferences
13. Suppose the world price of kiwi fruit is $20 per case and the U.S. equilibrium price with no international trade is $35 per case. If the U.S. government had previously banned the import of kiwi fruit but then imposed a tariff of $5 per case and allowed kiwi imports, what would happen to the equilibrium price and quantity of kiwi fruit consumed in the United States?
Illustrate what role does economics play in your personal decisions and or those of your organization.
Elucidate how the money multiplier facilitates the creation of money by the banking system and cite resources.
Explain how might federal deficits crowd out private domestic investment. How does this crowding out affect future living standards.
In an article about the financial problems of the USA today, Newsweek reported that the paper was losing about $20 million a year.
Sketch a supply and demand graph to explain this change. Be sure to label your graph and clearly indicate the change of the curve.
Elucidate what would the elasticity of supply have to be for a food stamp program to increase the availability of food to the poor with no prices increase.
Compute the elasticity of demand for every parameter.
Offers automobile brake analysis also repair at a various of outlets in the Philadelphia area.
Find out the optimal weekly output and price of this firm. Find out the weekly profit from the production and sale of this product.
Explain how to describe price elasticity of demand. What are the factors that affect price elasticity of demand.
What is the profit-maximizing price for this firm? On the graph show the area, which area represents the net loss to society resulting from the monopoly power conferred by the patent?
Consider the following two good pure exchange economy: Alfred's utility function is U A (x, y) = min{x, y} and Bob's utility function is U B (x, y) = max{x, y}.
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