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Does the factor proportions theory shed any light on Mexican migration to the Unites States? How does it account for US direct investment in Canada?
Derive total, average and marginal revenue schedules. Explain why your answer to part is an example of marginal analysis and optimizing behaviour in general.
"Mercantalism recommends that a country should limit its exports, so that more of the otherwise-exportable products are instead available for local consumption." Do you agree or disagree with this characterization of mercantilism's message? Explain.
Explain how supreme as well as comparative advantages were used in your simulation.
Suppose you are the manager of a California winery. How would you expect the following events to affect the price you receive for a bottle of wine? Explain your answers The price of comparable French wine decreases. The unemployment rate in the Unite..
The supply of urban land increases in response to increases in demand. Most economists think rent should be abolished. Pierre-Joseph Proudhon and Henry George took similar stands on rent. Economic rent is the payment above the minimum necessary to at..
How would you elucidate the impact of each of the following events on a production possibilities curve for factory and farm goods (you don't need to draw a graph, just describe what would change).
What will be the monthly payment on a 30-year, $250,000 mortgage loan, where the interest rate is 6% per year, compounded monthly? How much interest is paid over the life of the loan? What will be the monthly payment on a 30-year, $250,000 mortgage l..
how do public goods and private goods compare? open a supply and demand curve. in whcih direction do the shift if they both decease?
At what value of X will Q be at its maximum. Illustrate at what value of X will Diminishing Returns set in.
Suppose the government were to provide a $2 per hour subsidy for families who purchases child care, regardless of work or wage status. This will.. Increase female labor force participation as take home pay for women will increase.
Economic analysis helps to forecast the quantitative performance of a solution alternative. One of the objectives of CMMI-ACQ is to establish and maintain a quantitative understanding of the performance of selected processes because it stresses qu..
The flat-screen plasma TVs are selling extremely well. The originators of this technology are earning higher profits. What theory of profit best reflects the performance of the plasma screen makers?
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