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Suppose land is the specific factor for? rice, while capital is the specific factor for appliances. If New Zealand exports appliances and imports? rice, the specific factors setting implies that trade causes
A. the income of New Zealand capital owners to rise.
B. the purchasing power of New Zealand capital and land owners will both rise due to the reduction in the cost of consuming rice.
C. the income of New Zealand land owners to rise.
D. the income of New Zealand capital owners to fall.
After reading Psalm 55:21, discuss the freedom of speech section of the First Amendment to the U.S. Constitution and its protection and permitted regulation, of commercial and political speech engaged in by business, including justifications for such..
If workers do not have the skills that are required in the job market, which of the following will occur? When the economy is below full employment, it is producing. How has the unemployment components of the natural rate of unemployment changed over..
The government imposes a minimum price on gasoline that is above the equilibrium price. You accurately predict that A. the law will create an excess supply of gasoline. B. gas stations will start refurnishing their stations. C. less gasoline will be ..
What is the main reason for the economy to be in a recession? Explain How can the economy be stimulated by fiscal policy? What are the main tools of fiscal policy? Explain
Suppose an airline is losing money because they cannot fill enough seats in their flights with passengers. The airline would offer a flight only if at least 70% of the seats could be filled. The average total cost for the typical flight is $12,600. W..
Your company has immediately acquired another company which has locations in Quebec also Paris.
Probabilities of A and B performing successfully for 1,500 times are .96 and .92, respectively, and are independent. What is probability that product will operate properly 1,500 or more times.
q1. assume which perfectly competitive firms producing cashews discover which p exceeds mc. will their combined output
Which of the following shifts both short-run and long-run aggregate supply left?
In retrospect, it is clear that the U.S. economy was in a precarious position in 2006. Trillions of dollars had been borrowed to buy housing on the expectation that home prices would keep on rising. In 2006 the house prices fell; what happened in rel..
Suppose that in response to a severe recession a country with an overvalued currency and a fixed exchange rate does, in fact, move to a floating exchange rate system. This move to a floating exchange rate will cause the exchange rate to:
Recently, the House of Representatives passed legislation to increase the minimum wage in the nation from $5.15 to $7.50. What are the pros and cons of this proposal? Provide an analysis based on the demand and supply of labor.
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