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Problem: In a standard Ricardian model, two countries (China and the US) produce and trade two goods (apparel and wheat). Each worker in China can produce 2 units of apparel or 5 bushels of wheat. Each worker in the US can produce 1 unit of apparel of 10 bushels of wheat. The labor endowments are 100 in China and 20 in the US. (1) What is the autarky relative price of apparel in China? (2) What is the autarky relative price of apparel in the US? (3) Which country has a comparative advantage in each good? (4) When the two countries open to free trade, draw the world relative supply curve on a diagram, with relative supply of apparel on the horizontal axis and world relative price of apparel on the vertical axis.
Locate examples of when an organization demonstrated the validity of a hiring test (or attempted to demonstrate ones validity). Describe what was done, the type of validity claimed, and what was found.
"Options"- Please respond to each of the following separately. Create a scenario where an investor would benefit from using option contracts to minimize risk.
If you wanted to sell a good or service to customers in other countries, what sorts of items do you think you could export?
What are the three (3) monetary policy tools used by the Federal Reserve? What are the two (2) fiscal policy tools used by the federal government?
That is, how do you view the unemployed? Why? And speak as much as you can to their moral status, that is, what is the moral status of being unemployed?
ECO100 - Describe any notable microeconomic relationships, market outcomes, and/or trends in this industry. Include a graph, chart, or table containing related.
What is first degree price discrimination? Who benefits from it? Sketch and clearly label it in a figure.
You have met with the CEO of the company, Donna Greer, and agreed that you will provide her with recommendations regarding how ShopSense can use analytics for competitive advantage.
explain how foreign exchange rates are determined. how do changes in interest rates inflation productivity and income
In Summative Assignment 3 you will be asked to apply the model of Perfect Competition to the Australian lobster market.
What are some obstacles Coca Cola might face with production in another country?
Evaluate each of the options described above and, knowing what you know now, can you identify which would have been the best one for you?
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