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The Ricardian model of international trade demonstrates that trade can be mutually beneficial. Why, then, do governments restrict imports of some goods? Use the specific factor model to answer this question.
China is relatively abundant in labor, while Canada is relatively abundant in capital. In both countries the production of shirts is relatively more labor intensive than the production of computers. According to the factor endowment theory, what country will have a comparative advantage in the production of shirts? Computers? Wat pattern of trade can be predicted? How will the internal distribution of national income in each country be affected after trade?
Write a research paper that explains the following theories: Demand Curve and relationship to price. Supply Curve and relationship to price.
What role does economics play in your personal and professional lives and what is the difference between real and nominal GDP?
At each level of output compute savings. At each level of output, compute unplanned investment (inventory change). What is likely to happen to aggregate output if the economy were manufacturing at each of the levels indicated?
The demand function demand function has been estimated for Fantasy pinball machines, Based on the data listed in above, what is the point cross elasticity of demand for Fantasy pinball machines with respect to Old Chicago pinball machines
All of the following would cause the aggregate demand curve to shift EXCEPT a) improving levels of prosperity in other countries. b) a decrease in the price level. c) a deterioration of overall consumer confidence. d) an improvement in overall con..
Production quota: In many cities, the amount of licenses to operate taxis is limited. For the purposes of this problem, we can think this is a production limit (a maximum production level) of taxi rides set by government. Assume that this limit is lo..
The Boca Raton Company announces that if it reduces its price subsequent to a purchase, the early customer will get a rebate so that he or she will pay no more than those buying after the price reduction. a. If the Boca Raton Company has only o..
In your diagram, show that a family that considers food a necessity, given $M/3 in cash would spend less than $M/3 on food. What is the optimal bundle of this type of family if instead of receiving cash it received the SNAP card? g) At bundle H, i..
If a bank's reserve ratio is increasing then what would be happening with reserves and deposits. This is in regards to macroeconomics.
derive the marginal rate of substitution mrs between x and yuxyaxp1-ayp1puxylnxy uxyxaxalphaybetay
As an employee of the World bank, you have been asked to research one economic concern in a south american country and write a report
1. a firm has 1000000 in sales a lerner index of 0.65 and a marginal cost of 35 and competes against 1000 other firms
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