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Question: 1. Leontief's paradox is an example of testing a trade model using actual data observations. If Leontief had observed that the amount of labor needed per $1 million of U.S. exports was 100 person-years instead of 182, would he have reached the same conclusion? Explain.
2. Suppose there are drastic technological improvements in shoe production at Home such that shoe factories can operate almost completely with computer-aided machines. Consider the following data for the Home country:
a. Which industry is capital-intensive? Is this a reasonable question, given that some industries are capital-intensive in some countries and labor-intensive in others?
b. Given the percentage changes in output prices in the data provided, calculate the percentage change in the rental on capital.
c. How does the magnitude of this change compare with that of labor?
d. Which factor gains in real terms, and which factor loses? Are these results consistent with the Stolper-Samuelson theorem?
what criteria did you use to determine your strategy What risks does your strategy entail, and are the potential rewards worth those risks 3) What adjustments might you have to make to your business to be successful with your new venture
Explain briefly why capital is the fixed factor in the short run, and not labor.
the bretton woods system and institutions setup after world war iinbspthe u.s. dollar as a reserve currencymost of the
What is the formula for finding the economic profit?
If you are the chief economist of a country experiencing high unemployment and flat GDP, what macroeconomic policies might you enact in response to these economic conditions? How would you expect these policy changes to impact the economy?
SSL is an acronym for Secure Sockets Layer, an encryption technology that was created by Netscape. SSL creates an encrypted connection between your web server and your visitors' web browser allowing for private information to be transmitted withou..
is there a significant difference in quality and acess between for-profit and not-for-profit hospitals? what is the
Texas instrument once announced a price for random-access memories that wouldn't be available until two tears after the announcement few days later; Bowmar announced that it would produce this product and sell it at a lower price than Texas instru..
If monopolistically competitive firms have some control over their prices, why don't they set price above average total cost so they realize an economic profit in the long run?
In 1,250 to 1,500 words compare and contrast the traditional banking model to either "Shadow Banking" or "Social Banking". OR, describe and discuss "Global Banking" or a global banking topic.
Select one of the protocols associated with e-mail, such as SMTP, POP, or IMAP. What is the role of this protocol in sending and/or receiving e-mail? What is an example of how a web application might use this protocol?
The subsiquent table provides how the number of security guards affects the number of guards affects the number of radios stolen per week.
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