Describe the Stolper-samuelson theory of trade. How does it differ from the factor endowment model?… Show more Describe the Stolper-samuelson theory of trade. How does it differ from the factor endowment model? What are its predicted effects on wage-inequality in (a) industrialized countries that are captial abundant and (b) developing countries that are labor abundant? • Show less
Post and discuss why the tax credit enacted by the 2009 American Recovery and Reinvestment Act has n… Show more Post and discuss why the tax credit enacted by the 2009 American Recovery and Reinvestment Act has no effect on the employees’ supply of labor using the concepts of consumer surplus, producer surplus and deadweight loss. Apply the effects of the Social Security tax, as explained in the textbook, when posting • Show less
: Discuss whether you think we should continue to have a zero price for using a freewa… Show more Price Ceilings: Discuss whether you think we should continue to have a zero price for using a freeway. Or should we have transponders mounted on the dashboards of vehicles, as practiced in Singapore, which monitor and track the miles-driven within a city. Is this technique a non-starter for you? Although, on the bright-side, could you imagine not being stuck in slow-moving traffic again? Price Floors: Discuss whether you think we should continue to have a Government-regulated minimum wage law. Have you wanted a job, and been willing and available to work, but unable to get hired? Would you have taken a job for a slightly lower wage, if one had been available? • Show less
For each of the following calculate: 1) the change in reserves; 2) the change in demand deposits; an… Show more For each of the following calculate: 1) the change in reserves; 2) the change in demand deposits; and 3) the change in M1 The Federal Reserve sells 100 in T-Bills to U.S. security firms. Some individual banks borrow 50 from the Federal Reserve. Some banks lend 25 to other banks in the Fed Funds market. The Treasury sells 45 of T-Notes to Chinese investors and spends the proceeds on wars somewhere. The Fed flies out a student in 305 for a job interview. The cost to the Fed is 15. Write your answers in the space provided below Reserves ΔDD ΔM1 A. B. C. D. E. Assume a legal reserve ratio of 10%, a currency drain of 40%. Ignore the excess reserve drain and sweep accounts. Show formulas used in answering this question. • Show less
31. A perfectly inelastic demand curve is: a. horizontal. b. downward sloping. c. upward sloping. d.
which conditions sig… Show more als= hrs produce steel alc= hrs produce calico ps= price steel pc= price calico which conditions signifies will want work in calico sector? ps/pc> als/alc als>alc pc/ps > alc/als ps> pc • Show less
at the age of 20, you decide to open an investment account for retireing. you plan to retire at 50…. Show more at the age of 20, you decide to open an investment account for retireing. you plan to retire at 50. how much will you have paid into the account monthly to accumulate enough funds to withdraw 9000 per quarter for the following 20yrs. till your 70. all payments in and out of account are end of period payments. APR for first 30yrs is deposits. is 4% and compunded monthly, and 6% for the following 20yrs withdraws and is compounded monthly. show all work • Show less
1.What would happen to the size of the cattle population if Americans decided to eat substantially l
