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The U.S. labor movement-which mostly represents blue-collar workers rather than professionals and highly educated workers-has traditionally favored limits on imports from less-affluent countries. Is this a shortsighted policy or a rational one in view of the interests of union members? How does the answer depend on the model of trade?
Suppose a second nation has the following data. Plot the PPC, and then determine which nation has the comparative advantage in which activity. Show whether the two nations can gain from specialization and trade.
consider the following data set on the price and quantity of various commodities for 2008 and 2013. calculate the gdp
On the basis of the information regarding the risk involved in the two projects, you come up with the following probability distributions for the projects:
A call to action that describes what you want readers to do. Should they contact a policy maker? Change their behavior? Join a group?
If borrowing and lending is prohibited, so each student uses only his or her own saving to finance his or her own project, how much will each student have a year later when the projects pay their returns
Research a product from one of the 4 options listed and write a detailed report on the product. This report should explain how the component is built and designed; why the product is important in the building process
The following table shows nominal GDP and an appropriate price index for a group of selected years. The base year for the index is the year 2000. Compute real GDP in each year. Indicate also whether you are inflating or deflating the nominal GDP d..
Assume that two companies (C and D) are duopolists that produce identical products. Demand for the products is given by the following linear demand function: P = 600 Â- Qc- Qd Where Qc and Qd are the quantities sold by the respective firms and P i..
In the United States, the capital share of GDP is 30%, output growth is 3%, the depreciation rate is 4% and the capital output ratio (K/Y) is 2.5. Assume the US economy is described by a Cobb-Douglas production function.
Using your favorite spreadsheet software, compute the debt-to-GDP ratio in 10 years, assuming that the primary deficit stays at 4% of GDP each year; the economy grows at the normal growth rate in each year; and the real interest rate is constant, ..
A pipeline contractor can purchase a needed truck for $40000. Its estimated life is 6 years, and it has no salvage value. Maintenance is estimated to be $2400/year. Operating expenses is $60/day.
Hardware should be broken into, at a minimum, two high-level tasks: collect requirements and procure software. These will be mainly COTS systems requiring no modifications. One engineerwill be assigned full time to monitor this task. This will all..
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