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Use daily newspapers to identify a political economy of trade issue. Can you also identify the factors of production involved in this issue? Are they mobile factors as in the Heckscher-Ohlin model, or are they specific factors? Alternatively, are there any elements of technology involved?
Have you seen signs of prejudice and discrimination directed in any countries you have visited? What do you think is the origin of the term “gyp” meaning “to cheat?” Do you think polygamy, which is legal in all but two nations in Africa, puts women a..
Warren Buffett is known to be an open-minded CEO, allowing his employees to offer their own input on what direction the company should take.
with monetary policy for closed, it is hard for authorities to stimulate demand. Interior design does this show that currency-board regime was a mistake.
The following figure shows the demand and supply in a market, and the supply when there government decides to impose a specific tax and collect it from the producers. What ad-valorem tax (% collected from the producers revenue) would generate the sam..
Mankiw talks about what he calls the Law of Supply and Demand, which is separate and distinct from the Law of Supply and the Law of Demand.
Find an article on firm's production and cost from a major news media by providing title, date, source and summary of the article. Explain how this article relates to firm production and cost.
Question: A university wants to estimate the unknown 25-percentile height, pi0.25 (in cm), of its students.
A consumer's utility is given by U(X,Y)=X^0.25*Y^0.75. (To be clear, ^ denotes exponentiation, so the utility function is X to the 0.25 power multiplied by Y to the 0.75 power.) What is the number of units of good X in the consumer's utility-maximizi..
Various concepts of distance are used in international business. Define and explain at least five concepts of distance, and discuss how each might affect bilateral foreign direct investment (FDI) flows between countries.
Next, a "new" technology is developed which lowers min AC to AC = $600, but raises minimum efficient scale to 40,000 units.
Draw a production possibilities curve between healthcare and all other goods. Insert a point in the drawing that illustrates an economy with an inefficient healthcare system. Insert two additional points that illustrate two efficient economies but tw..
Compare and contrast two companies that serve the HIT (Health Information Technology) market when a health care organization needs to turn to the market for applications, infrastructure, or services (for example, McKesson, Cerner, Siemens, CSC, Pe..
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