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Discussion
The Leontief paradox is based on empirical results that did not support the Heckscher-Ohlin theory. In the research behind the paradox, the United States imported more capital intensive goods than it exported, even though the United States is viewed as being more capital abundant and less labor abundant. Do you agree with how Leontief explained this paradox? Why, or why not? What other causes do you think might explain the finding?
What are the arguments for and against globalization? To what extent has globalization contributed to world economic growth?
What types of research will you perform? What internal and external sources will you utilize? Why? What will you do with the data outputs?
Suppose that the demand for undocumented immigrants by U.S. employers is Ed =100–w, and the supply of labor by undocumented immigrants is Es =3w, where E is measured in thousands. In the absence of any enforcement efforts (border or otherwise), how ..
You use money just about every day. What is money and what functions does it perform? How is the supply of money measured? Who influences how much liquidity in created or reduced in the U.S. economy?
Firms that have market power can apply the mixed bundling strategy to increase their profits. Some researchers claim
Consider the following equation that represents demand for health services (H) and another good (N), and Y represents the level of income.
In the competitive market for welding services in Tucson, assume the demand is. calculate: (i) the quantity traded; (ii) the surplus generated by that trade; (iii) the division of that surplus between buyers’ and sellers’ surplus;
Use the concept of externalities to explain why if left to private decisions, the usage of face masks to prevent the transmission of COVD-19
Identify a type of market structure in which a minimum wage law or labor union would help entry-level workers, then explain why it would help them.
Suppose the demand for paper is given by Qd = 360 – 4p and the industry marginal cost of production is given by Qs = 6p. In addition, the firm’s production imposes an externality with an associated marginal damage (MD) = 2. Please include a graph wit..
Suppose that there are two firms competing in the market for taxi services. Big Ben Taxis has the marginal cost MCB = $9 per trip, and the fixed cost FCB = $3,000,000. While Whitehall Taxis has the marginal cost MCW = $15 per trip, and the fixed cost..
Creating the software cost me about $2,350 in development and coding. I can produce a copy of the software for $12 per unit (constant cost).
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