Question: Consider the Heckscher-Ohlin model from the slides in the case of no factor substitution. The production technology of food and cloth are: QF = min [LF/3 , KF] QC = min [KC/3 , LC]. The home country has 100 uni ...
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Question: Hedonic Modeling Assume we have two identical houses. Each house is a 3 bedroom, 3 bath, 2000 square feetwhite house on a 1 acre lot and both were built in 1996. The single difference is that house B islocated ...
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Question: What is the difference between delegate representation and trustee representation? How did the difference lead to American Revolution? The response must be typed, single spaced, must be in times new roman font ...
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Question - Lolita, an intelligent and charming Holstein cow, consumes only two goods, cow feed (made of ground corn and oats) and hay. Her preferences are represented by the utility function U(x, y) = x - x2/2+y, where x ...
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Question: The equation describing the evolution of capital stock per worker in an economy is the following: K t+1 /N-K t /N = sY t /N-dK t /N; where K is capital stock, N labor, Y output, s the saving rate and d the depr ...
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Question: 1- Marketing of unsought goods is ethical or not? Give example of unsought goods? 2- Why international guarantee and warranty use in UAE? The response must be typed, single spaced, must be in times new roman fo ...
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Question: According to the Bird and Borio readings, global economic imbalances arise over time and are often the usually the result of financial or structural economic imbalances that manifest in external imbalances. Wha ...
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Question: Write in paragraph form 1. Which country was able to stop privatization and how did they do it? 2. From this film whose interest do you think the World Bank and the IMF represent? 3. Give 3 examples of how priv ...
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Question: According to some reports, more than 40 percent of the American servicemen sent to Vietnam experimented with heroin. Of these, 57 percent became addicts in Vietnam. Upon their return, however, only 10 percent r ...
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Question: Assume that the production function is given by Y = A K^.4 L^.6 where Y = National Income = GDP, K = 100, L = 400, and A = 10. a. Calculate National Income (Y)? Derive the equation for the marginal product of l ...
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