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Suppose when Russia opens to trade, it imports automobiles, a capital-intensive good.a. According to the Heckscher-Ohlin theorem is Russia capital-abundant or labor-abundant? Briefly explain.b. What is the impact of opening trade on the real wage in Russia?c. What is the impact of opening trade on the real rental on capital?d. Which group (capital owner or labor) would support polices to limit free trade? Briefly explain
Consider the role the U.S. government has taken in the regulation of banks, as well as the history of major banking regulations, and predict the next major regulatory move by the U.S. government. Analyze the way banks are supervised in the U.S.
Greece has few workers per unit of land while France has many workers per unit of land. Steel is labor intensive and rice is land intensive. According to the long run Heckscher-Ohlin model. The price of land use in Frances steel industry.
Discuss each of the six indicators, and explain its current status. In addition, present a separate graph for each indicator illustrating the historic trend for each.
Does farming in the United States have the characteristics of perfect competition How does perfect competition in the farming industry help farmers and consumers or Hurt farmers and consumers
Assume the United State dollar price of a British pound is $1.50; dollar price of a euro is $1; a hotel room in London, England, costs 120 British pounds;
Due to the problems in countries such as Spain, Italy and Greece; Germany had (and is having) an inflow of workers looking for jobs (and better conditions) from these countries. Due to the unfavorable economic conditions in their own countries the..
where costs are measured in U. S. dollars and Q is the number of wine decanters produced annually. Because Bavarian Crystal Works is only one of many crystal producers in the world market, it can sell as many of the decanters as it wishes for $50 ..
Suppose that France and Denmark both produce oil and olives. Frances's opportunity cost of producing a crate of olives is 4 barrels of oil, while Denmark's opportunity cost of producing a crate of olives is 7 barrels of oil.
In Peru each worker can produce 30 bushels of corn per year, while in Colombia each worker can produce 40 bushels of corn per year. This implies that Colombia should specialize in corn production when trade is opened up between these countries.
I would have selected JEL industries as it is located in a nation which is part of the European Union and using Euro as its currency.
The European Central Bank explicitly states that its long-run inflation traget is 2%. Assume that the Eurozone velocity growth is 2% amd the average growth rate of nominal GDP in Eurozone is 3%. What would you tell the European Central Bank to en..
Determine the government's role be with respect to regulating accounting companies in the wake of mismanagement and accounting irregularities?
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