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A country opts for free trade while some workers remain unemployed in the import-competing sector. WHY? Given real wage rate in Thailand is higher than Bangladesh, how would international trade affect real wages between them under perfectly mobile labour movement.
A firm uses two variable inputs, labor, L, and raw materials, M, with typically shaped isoquants. It pays $20 per hour for L and $5 per unit for M. At the current mix of L and M, the marginal products of L and M are: MPL = 20 MPM = 4 Is the firm m..
felicity is studying economics and political science. she can read 30 pages of political science per hour but only 5
Dell Computer Corp., the world's largest personal-computer maker, is keenly aware of everything its rival PC manufacturers decide to do. Explain why Dell usually reacts more quickly and more substantially to pricing, product design
microeconomic problemmary produces both hats as well as apple piesif mary uses all her resources to produce hats she
Assume that all states adopt a serious no-fault rule to cover automobile accidents, so that it becomes impossible to sue for damages after an accident.
How will this policy affect Hong Kong's exchange rate between Hong Kong and the euro zone? Explain your reasoning - Explain your reasoning and answer whether there is exchange rate overshooting.
when trying to assess differences in her customers claire - the owner of claires rose boutique - noticed a difference
Suppose the economy is on a balanced growth path in the Romer model, and then, in the year 2030, research productivity rises permanently to z ? > z. a) Solve for the new growth rate of knowledge and yt b) Make a graph of yt over time (on a ratio s..
What is the argument against attempting to balance the Federal Government budget rapidly at the present time via either deep cuts in Federal Government spending on goods and services or via sharp increases in federal income tax rates?
Describe the role of Banking and Financial Intermediaries in the economy and how banks create money through lending, as well as the Deposit Expansion Multiplier.
Depends on this information, elucidate the effect on the consumption of cereal.
What is your opinion regarding our antitrust laws? Should they even exist? If so, what should the threshold be? Size/structure alone? Or is a rule of reason more appropriate?
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