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1.? Does exposure to competition with the world leader in a particular industry improve a firm's productivity?
?2.? China has a large supply of labor relative to its supply of other resources, discuss the pattern of trade in China and its income distribution effect following the H-O model.
3.? Is it possible for a low nominal tariff rate to understate the effective rate of protection? What is tariff escalation?
The production function is: Q=ALaKb. Show that the isoquants for this production function are convex. (Show that MRTS diminishes as L increases. Why?) Derive the equation for the long-run expansion path
A machine was installed 5 years ago. Its market value is now $15,000 and is expected to decline by 10%/year over the next five years. It is projected that this machine will be operational for another five years, after which time it will be scrapped (..
Which argument below is NOT one of the five assumptions about the economic rules of the game in America.
If the price of organic beef steak, regular beef steak, and pork chops each increased by 10%. Which of the products would you think was the most elastic.
Identifying the agency's budget as executive department or an independent agency. determining which of the appropriation subcommittees has jurisdiction over each agency's budget request.
Recent health reports indicate that calcium is asorbed better in natural forms as milk, and at the same time, the cost of milking equipment rises. Examine the probable effects on the market.
Social Security benefits are increased each year in proportion to the increase in CPI, even though most economists believe that the CPI overstates actual inflation. If the elderly consume the same market basket as other people.
A trade deficit for the United States is generally financed by: A trade deficit means a net:
suppose that in an attempt to raise more revenue nobody state university increases its tuition. will this necessarily
starting with the estimated demand function for chevrolets given in problem 2 assume that the average value of the
A manufacturer of laptop computers operates a plant with an annual capacity of 6,630,000 laptop units. One of his models is expected to sell 390,000 units.
A grocery store in a small town has a supply curve for oranges that is given by the equation P =1/10Q + 1. Plot the supply and demand curves on a scale diagram
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