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Suppose there are two goods being produced in the economy: robots and wheat. Robots are a capital intensive good and wheat is a labor intensive good. Supposethat there are two countries: France and Brazil. France is capital abundant andBrazil is labor abundant. Using two graphs (one per country) draw the internationaltrade equilibrium for this two country world economy based on the Heckscher-Ohlinmodel. Be sure to include (1) the production possibility frontiers, (2) the relative priceline, (3) indi?erence curves and (4) trade triangles. Completely label both graphsfor full credit.
?In which of the following situations is a budget surplus most likely to occur? The government of Crossland wants to influence its exchange rate. It will do so by buying and selling:
q.the market for water in urban areas in australia is often dominated by one provider for example sydney water in the
Discuss the organizational structure of your selected organization, then compare and contrast it with two different organizational structures.
What will happen to GDP and employment? What do you think will be the impact on banks and other financial institutions? Do you agree with the bill?
How do you choose between log-linear model and log-log model? How about linear log-linear? And how about linear-log and log-log? Why? How do you interpret coefficients of a A) log-linear B) log-log and C) linear-log model?
Explain how the average rate of per capita income in south africa between 1960-1991 compered to 1991-2010.
Supposed we include X1 in our single regression € Y = β0 + β1X1 + u , but we leave out X2, a variable that is negatively correlated with the included variable X1. X2 is a determinant of Y (the dependent variable), and the effect of X2 on Y is positiv..
Consider a hypothetical economy that produces at its long-run macroeconomic equilibrium at a price level of 100.
Determine whether each of the following, other factors held constant, would lead to an increase, a decrease, or no change in the level of real GDP demanded:
Elucidate why does strong mono tonicity implies local non satiation but not vice versa
Riley deposits $4,000 cash in her checkable deposit at Fershur Bank. If the desired reserve ratio is 5%, Fershur Bank’s
President John F. Kennedy proposed a tax cut in the early 1960s. He said, "It is a paradoxical truth that tax rates are too high today and tax revenues are too low, and the soundest way to raise tax revenues in the long run is to cut tax rates now." ..
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