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suppose you have been elected to congress one day one of your colleagues makes the following statementthe fed chair is
1 an experimenter has prepared a drug dosage level that she claims will induce sleep for 80 of people suffering from
current monetary policyproblem 10 in chapter 4 asked you to consider the current stance of monetary policy here you are
mexico and brazil have very different trading patterns while mexico trades mainly with the united states brazil trades
home is as described in problem 1 there is now also another country foreign with a labor force of 800 foreigns unit
now suppose world relative demand takes the following form demand for applesdemand for bananas price of bananasprice
assume that norway and sweden trade with each other with norway exporting fish to sweden and sweden exporting volvos
in the discussion of empirical results on the heckscher-ohlin model we noted that recent work suggests that the
a country currently imports automobiles at 8000 each its government believes that given time domestic producers could
the nation of pecunia had a current account deficit of 1 billion and a nonreserve financial account surplus of 500
japanese labor productivity is roughly the same as that of the united states in the manufacturing sector higher in some
a century ago most british imports came from relatively distant locations north america latin america and asia today
suppose that home has 2400 workers but they are only half as productive in both industries as we have been assuming
home has 1200 units of labor available it can produce two goods apples and bananas the unit labor requirement in apple
using the numerical example in problem 5 assume now that foreign limits immigration so that only 2 workers can move
the internet has allowed for increased trade in services such as programming and technical support a development that
countries a and b have two factors of production capital and labor with which they produce two goods x and y technology
recently computer programmers in developing countries such as india have begun doing work formerly done in the united
case studyhas the growth of newly industrializing countries hurt advanced nationsin the early 1990s many observers
the us labor movement-which mostly represents blue-collar workers rather than professionals and highly educated
go back to the numerical example with no factor substitution that leads to the production possibility frontier in
from an economic point of view india and china are somewhat similar both are huge low-wage countries probably with