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The? Stolper-Samuelson theorem predicts that trade will cause countries with relatively scarce supplies of unskilled labor
A. to see wage increases for unskilled? labor, since the supply curve has moved left.
B. to see wage decreases for unskilled? labor, since unskilled labor will be used less in making exports.
C. to see wage increases for unskilled? labor, since the demand curve? (relative to skilled? labor) has moved right.
D. to see wage decreases for unskilled? labor, since unskilled labor will be used less in making imports.
In 2020, Ahmed decides to invest in a wind turbine that would produce and sell electricity to the local electric utility. He decides to buy a smaller, used turbine.
q.suppose there are 2 economies. in each economy there are 2 outputs bacon and eggs which are produced with perfectly
Calculate the CRF for an incremental tax of 40%, a depreciation life of 20 years, a depreciation schedule that is straight line over the same 20 years and a 15% after tax rate of return.
The price elasticity of demand for gasoline is 0.5 and the price elasticity of supply for gasoline is 1.1. If demand rises by 25%, the price of gasoline will: The price elasticity of demand for wheat bread is 2.1 and the price elasticity of supply fo..
After watching the NBC Learn video clip Some U.S. Businesses Profit from a Falling Dollar , consider who benefits and who gets hurt from a falling (depreciating) currency. What factors influence the value in a currency? Use real-world examples to hig..
Illustrate what is the minimum price necessary for this firm to produce any output in the short run.
if the long run aggregated supply is drawn at an economy's natural rate of unemployment, how can any points on the short run aggregated supply lies to the right of long run aggregated supply?
Keeping your money in a bank seems like a good idea. However, from time to time, depositors lose confidence in banks (this happened in summer of 2012 in Greece). If your bank was experiencing a run, would you join in, or would you be confident that t..
A monopoly with a constant marginal cost m has a profit maximizing price of p1. It faces a constant elasticity demand curve with elasticity e. After the government applies a specific tax of $1, its price is p2. What is the price change p2-p1 in terms..
Suppose the own-price elasticity of demand for good x is -0.25, and that the quantity of good x increases by 5%. what would you expect to happen to the total expenditures on good x?
Calculate the price elasticity of demand using the point formula for Px = 20 and Py = 10. Determine whether demand is elastic, inelastic, or unit elastic with respect to its own price and whether Good Y is a substitute or a complement with respect..
Sea lions have been depleting the stock of steelhead trout. One idea to scare sea lions off the Washington state coast was to launch fake killer whales, predators of sea lions. The cost of making the first whale is $19,000—$8,000 for materials and $1..
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