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Which of the following is an important consideration in short run factor-proportions trade analysis?
a. Comparative advantages only occur in theory.
b. Specific factors are always free to move intra-industrially.
c. In the real world, wage and rent earnings are differentiated in the short run.
d. Gains from trade are always greater in the long run.
different determinants of propensity to consume
Suppose that the market labor supply and labor demand equations are given by Qs = 5W and Qd = 30 - 5W. If a minimum wage is set at $4.00 (W = 4), then how all step by step.
list of all theories of business cycle theories
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