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Consider the following Heckscher-Ohlin model: there are two countries, America and China, two goods, high-tech manufactures and low-tech manufactures, and two factors of production, skilled labor and unskilled labor. America is skilled-labor abundant and China is unskilled-labor abundant. High-tech manufactures are skilled-labor intensive and low-tech manufactures are unskilled-labor intensive.
a. What happens to the price of high-tech manufactures relative to the price of low- tech manufactures in America following trade?
visit a website wuth a privacy statement or use your bank privacy statement. Is the privacy statemnet you reviewed suffcient and effective How can the company improve on its privacy statement
The market in which the assumption of continuous market-clearing seems to be LEAST applicable is the stock market, market for wheat or else.
Explain how monetary policy can be used to reduce inflation.
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National Income statistics are used by governments of developing countries.
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assume youre advising the newly formed russian government formerly the russian ssr in 1991 regarding their policy
The soft drink industry is a duopoly with differentiated products. Two firms, Coca-cola and Pepsi, compete through Cournot quantity-setting competition. Denote the quantity that Coca-cola and Pepsi produce by Q1 and Q2, respectively.
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