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'The law of comparative advantage forms the basis of international trade'.
Explain the above statement with reference to the trade theories of David Ricardo and Heckscher and Ohlin. To what extent do these theories explain the patterns of trade in the real world?
the two largest diner chains in kansas compete for weekday breakfast consumers. the two chains golden inn and village
consider the trade problems of developing nations and make at least one recommendation for mitigating one of them.
Do you exhibit economies of scale, diseconomies of scale, or neither? Explain
workers are compensated by firms with benefits in addition to wages and salaries. the most prominent benefit offered by
suppose nominal gdp in 1999 was 100 billion and in 2001 it was 270 billion. the general price index in 1999 was 100 and
assume that the low-calorie frozen microwavable food company from assignments 1 and 2 wants to expand and has to make
.economists have taken opposite stands on the effect advertising can have on the level of competition in a
explain the difference between a positive and negative externality. in your analysis make sure to provide an example of
Unemployment insurance, because it allows people to spend more time searching for a job than they would otherwise be able to, can increase the natural rate of unemployment. Is this something that policymakers should be concerned with
research in developing countries indicate that the incidence of child labor actually rose in some countries as incomes
Express output per worker (y=Y/L) as a function of capital per worker and the natural rate of unemployment and write an equation that describes the steady state of this economy.
Define a natural monopoly and what has happened to natural monopolies in recent years? Describe. Under which market structure does your type of business fall?
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