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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?
Briefly summarize the event for your classmates and then apply one of the macroeconomic concepts from the course. What are the implications of this event for our economy?
The annual rate of growth of real GDP in a developing nation is 0.3%. Initially, the countries' population was stable from year-year. Recently, however, a significant increase in the nation's birth rate has raised the annual rate of population growth..
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Compare and contrast the public-interest and special-interest theories of economic regulation. What is the capture theory of regulation?
What do we call the point in a business cycle at which business activity has reached a temporary maximum; the point at which a recession has ended and an expansion (recovery) begins?
Describe the 5 key elements necessary to making planned change successful. What are the ways the OD practitioner ensures the change stays on track?
This was the famousHundred Days of the New Deal. the days in which, half by design, half by accident, the foundation was laid for a new pattern of government relationship to the private economy, a pattern that was to spell a major change.
Explain how Microsoft Project enables you to track dependencies across multiple projects and establish resource pools. Critique what might be some downsides to one program manager tracking several projects. What if one of them is yours?
Discuss and explain why hyperinflation has such a devastating impact on economies. Describe what it takes to stop hyperinflation.
Illustrate what do you think would be the effect of increases/decreases in the dollar's exchange value on the firm's profitability.
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