Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Average wages in the US exportable sector
1. Use the Heckscher-Ohlin/factor proportions framework with two factors, skilled and unskilled labor, to evaluate the following arguments. Suppose X is more skill intensive than Y. Suppose the US is more skill abundant than the rest of the world. Explain your answer.
a) Average wages are higher in the US exportable sector.b) This suggests that there would be benefits to the economy of subsidizing employment in production of exportables (the high average wage sector).c) A subsidy for the employment of unskilled labor in the sector with high average wages raises the market wage for unskilled workers.
In the country A, all wage contracts are indexed to inflation. That is, each month wages are adjusted to reflect increases in cost of living as reflected in changes in price level. Explain answer with aggregate supply and aggregate demand curves.
Elucidate the excess of cost over the marginal price at the profit maximizing price-quantity combination?
Compute the producer surplus from parts a and b. Are producers better or worse off as a result of international trade? Discuss why.
Illustrate what is the difference among real GDP and nominal GDP. Does GDP accurately reflect our nation's productivity.
Suppose the U.S. is in the midst of a recession and a new president has just inherited an already large public debt.
Write a 700- to 1,050-word paper in APA format describing the effects of taxation and price controls on the economy.
Obtain the market clearing price and quantity. Under the assumption of profit and maximization , how much output should the representative firm produce?
Elucidate what is the residual demand elasticity facing one firm at the competitive equilibrium.
A severe drought has make a shortage of tomatoes. Jim makes his own barbeque sauce. One of the main ingredients of his sauce is fresh tomatoes.
Expalin how can inflation derail the economy from its growth path.
Explain why fiscal policy will be either more or less effective in an economy with a large foreign sector.
Draw a graph of the Batman family's supply of loanable funds curve fro 1999. Show the influence of this change on the Batman's supply of loanable funds curve.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd