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a) Consider the Specific Factors Model and suppose that land is specific to agriculture, capital is specific to manufacturing, and labour is mobile between sectors. The labour market is in equilibrium, i.e., the wage rate is the same in these two sectors. Then, a decrease in the price of manufacturing products (keeping the price of agricultural products constant), produces a shift of workers between sectors that leads to a decrease in Marginal Product of Labour (MPL) in the manufacturing sector. True or False? Explain
b) Consumers in a large economy are benefited by a tariff when the tariff improves the country's terms of trade. True or False? Explain.
c) The two key variables of the gravity model are countries' economic size and the geographical distance between trade partners. Although geographical distance between trade partners is associated with transportation costs, the gravity model is very effective in predicting trade volume of services between countries. True or False? Explain.
Prepare a public relations news release related to an appropriate activity within a for-profit/not-for-profit business, or a fraternal, social or religious organization.
Develop two alternative scenarios for the future evaluation of your chosen idustry.
How might this technology, and break-through technology advances in general, accelerate or, in other ways, affect globalization?
Describe the main components of contemporary business. Describe the focus of nonprofit organizations. Describe the five elements in the business environm
Pick one of these and explain it, completely, including capitation, episodic, fee-For-Service, and DRG.
The article "Students Increasingly Turn to Credit Cards" (San Luis Obispo Tribune, July 21, 2006)reported that 37% of college freshmen and 48% of col- lege seniors carry a credit card balance from month to month. Suppose that the reported percenta..
Identify a company that you know practices "quality management" methods.
Explain why you take these safety precautions. Why is it important for you to take safety precautions?
Develop a complete business case for an idea. This may be a real example from your work environment or a fictional example from anywhere you choose.
Prepare a 2- or 3 pg executive briefing memo for technical leadership.
How does fracking harm the environment?
Sochi Olympics-What is the Cost of National Prestige?
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