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Short Essay.
The Multi-national corporations from the U.S. and other industrialized countries exploit the workers from developing countries. (Use theory of Heckscher-Ohlin model or comparative advantage to discuss this topic.)
(Hints: 1. Make sure the sources are credible before you use the data; 2. Examples with made-up numbers, like those we use in the Ricardian model, are theory, not data.)
Double space, one or two pages.
A market has a demand curve described by P=30-Q, a supply curve described by P=16+Q, and a price ceiling of 20. Calculate the Total Surplus of the market with the price ceiling
How did the recession of 2007–2009 compare with other recessions since the Great Depression in terms of length? What effect did the recession of 2007–2013 have on government regulation? Discuss these issues with current context, 2016.
A local cell phone monopoly faces the following monthly inverse-demand for lines from a typical family: P = 100 – 20Q. The total cost to the monopoly is C(Q) = 20Q. This implies that the marginal monthly cost to the monopoly is $20 per line.
Assume there is a Worker who has a utility function over money income m and leisure l is u(m,l)=(m*l)^1/2. This worker choose how many hours to supply to the labor market where h=16-l subject to the market hourly wage w.
Managerial economics class In this assignment, you are to prepare a report analyzing the two problems below. Be sure to include your own interpretation.
A researcher estimated that the price elasticity of demand for automobiles in the United States is -1.2, while the income elasticity of demand is 3.0. Next year, U.S. if sales of domestically produced automobiles do expect U.S auto makers to sell nex..
Derive an IS curve the usual way (create two points), assuming a closed economy. Now assume that an open economy exists. Use this change to derive a new second point on the IS curve (as we did in class) and draw the implied IS curve for an open econo..
A 50-kilowatt gas turbine has in investment cost of $40,000. It costs another $14,000 for shipping, insurance, site preparation, fuel lines, and fuel storage tanks. The operation and maintenance expense for this turbine is $450 per year. what is the ..
Explain using a diagram how a tax cut in period two affects consumption in both periods. Assume that average consumer does not believe that he/she or anyone in family will ever have to pay higher taxes in future to offset current cuts.
A rise in government spending could. "It matters how the government spends any extra dollars" The economist who said this most likely believes that
Explain the changes in aggregate demand and the effects of income tax rare cuts and tax credits for businesses in 3 graphs.
What is supply and demand. Illustrate what is the value of the tax revenue collected from the buyers. Why wasn't the government able to collect $12 per tire on 60 tires sold( the original equilibrium quantity).
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