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many industrialized countries such as the united states attempt to seriously restrict immigration of production workers
direct investment inflows by foreigners into the united states have been sizable in recent years how might this net
explain the underlying basis for foreign direct investment and discuss several factors that may contribute to it what
why is it difficult to analyze the welfare implications of growth in the neoclassical model what proxy is often used to
a define the five types of ldquoproduction effectsrdquo of economic growth in a country and the five types of
it is likely that a pro trade production growth effect will lead to an expansion of trade since the presence of
developing countries often claim that growth and trade have left them no better off or perhaps worse off how might you
in recent decades trade has been growing faster than income for many countries what combination of trade effects is
present in detail the following two theoriesmodels associated with ldquopost-heckscher-ohlinrdquo trade theory in the
why might it be hypothesized that a typical developed country is likely to have a greater relative amount of
define ldquointra-industry traderdquo and indicate several reasons why such trade can take place in any given product
what features of the product cycle theory are at variance with the assumptions of the heckscher-ohlin model
suppose someone stated that the heckscher-ohlin model is best-suited for explaining trade between developed countries
a in what ways does the krugman model of trade differ from the
the european union has heavily protected its farm sector through import duties in addition the union subsidizes its
if economists wish to determine relative factor abundance across countries why donrsquot they simply calculate wr
a explain how the heckscher-ohlin theorem is obtained using either the ldquophysicalrdquo definition or the
if factor-intensity reversals were indeed prevalent in the real world how might this fact be used to explain the
the text notes that if demand reversal were the cause of the leontief paradox then labor would be relatively cheap in
how can it be said that the factor-content approach ldquorevealsrdquo a countryrsquos factor abundance what assumptions
1 what is the difference between gross domestic product gdp and gross national product gnp what is the difference in
all other things being equal by how much will nominal gdp expand if the central bank increases the money supply by 100
suppose the fed conducts an open market sale by selling 10 million in treasury bonds to acme bank sketch out the
the table below shows the cost of a fixed basket of goods that a typical urban consumer would buy in the economy of
according to the rba website the current inflation rate is 15 the rba normally aims for inflation to be between 2 and 3