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Topic : Migration and the skills paradox.
1. Why does human capital flow from poor to rich countries and not the other way around? Hint: chapter 4 of Easterly (2002) addresses this paradox.
2. Do you think migration is a good way to reduce poverty and share prosperity? How or why?
Briefly explain the contribution of Robert Solow to economic growth theory. What was the novelty he introduced?
Part Two of your textbook covers chapters four through seven and is titled "International Sales, Credits, and the Commercial Transaction." Describe the Convention on Contracts for the International Sale of Goods (CISG) and explain why it is importan..
Old cellular phones generate a negative externality when they are consumed because they lead to environmental damage when they are discarded. Each phone creates
Castor can produce 20 units of brick or 10 units of wheat or some combination of the two described by the following PPF curve: Castor: Qb = 20 - 2Qw
You are attempting to construct an optimal portfolio consisting of T-bills and a risky portfolio. The expected return on the risky portfolio is 19% and the standard deviation is 25%. The T-bill rate is 5.3%. (a) If you put 45% of your funds in T-bill..
For the following costs, compare the PWs of the two choices. What life did you use, and what assumptions did you make? (i * = 8%)
What are microeconomic choices and macroeconomic choices? Give an example of each.
As you shop for your favourite clothing, music, and food items try to describe how supply and demand influences the prices of these goods?
What is the difference between homogeneous-agent models and heterogeneous-agent models?
How does monopolistic competition differ from pure competition in its basic characteristics? How does it differ from pure monopoly? Explain fully what product differentiation may involve. Explain how the entry of firms into its industry affects the d..
Explain the Condorcet Paradox and Arrow's Impossibility Theorem. Provide examples.
Describe why one might want to rethink the traditional supply and demand models that help us understand why unemployment exists and how it might be reduced.
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