Seminar 2 Topics Covered: Heckscher-Ohlin Model Part I and II 1. This exercise uses the Heckscher-Ohlin model to predict the direction of trade. Consider the production of hand-made rugs and assembly line robots in Canada and India. Problem 1 Answer a) Which country would you expect to be relatively labor-abundant? Capital-abundant? Why? Labor-abundant: India. Capital-abundant: Canada b) Which industry would you expect to be relatively labor-intensive? Capital-intensive? Why? Handmade
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Identify an example through research of a business that has temporarily shut down operations in the short run. What led to this decision? Did the firm resume operations at a later date? Identify an example through research of a business that has temporarily shut down operations in the short run. What led to this decision? Did the firm resume operations at a later date? Identify an example through research of a business that has temporarily shut down operations in the short run. What led to this decision
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Harris ECN 3000 Homework #1 Please show your work and answers to all parts on separate paper. It will probably be in your best interest to keep this sheet and make a copy of your answers since I may not return your graded homework before the test. Use the following information to answer questions 1-13 below. Two countries‚ Athens and Troy‚ produce two goods‚ ships and food‚ according to the following production functions: 1 ship = 4 capital + 2 labor 1 food = 1 capital + 3 labor. Athens
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1. Determining changes in equilibrium price and quantity for a perfectly competitive industry given changes in demand and/or supply (Ch. 2‚ p. 60-65; Class Notes) A. Graphical analysis given demand and supply curves (a) While there is increased awareness of Vitamin C available from orange juice‚ a hard‚ freezing winter occurs in most of the orange producing areas. Demand increases while supply decreases. (b) While the technology used for tobacco production is improving‚ there is increased
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1 INTRODUCTION 1.1 Definition of economics Economics is a social science‚ positive as well as normative‚ divided into microeconomics and macroeconomics‚ concerned with how society allocates limited factor inputs to produce goods and services to satisfy unlimited human wants. 1.2 Economics as a social science A social science is the study of a particular aspect of human behaviour using the scientific method. Examples of social sciences are economics‚ sociology and
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1. If ours were a barter economy‚ how would you pay your tuition bill? What if your college did not want the goods or services you offered in payment? Answer) In the barter economy‚ we would be paying the tuition bill in the form of any good or services that are somehow useful and benefit to the college. Example‚ we can barter tuition with food items so college can give those to the professors and other staff members of the college. And also services in the form of building maintenance‚ cleaning
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The HR Department advised that all job vacancies must be advertised externally and that‚ as the supervisor‚ Laura’s role was to form a panel of four people to short-list‚ assess and interview prospective candidates. The panel should then give a final recommendation to the HR Department as to which candidate should be selected. Laura felt that as she was the supervisor she should not be forced to advertise‚ but because it was company policy‚ she had better make it look good. Laura then rang Amy
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UNIVERSITI TEKNOLOGI P ETRONAS FINAL EXAM¡NAT¡ON SEPTEMBER 2013 SEMESTER COURSE FALOO24 DATE r gth TIME 2.30 PM - ENGLISH II DEcEMBER 201 3 (THURSDAv) - 5.30 PM (3 hours) INSTRUCTIONS TO CANDIDATES 1. Answer ALL questions in the Answer Booklet. 2. Begin EACH answer on a new page 3. where applicable‚ show clearly steps taken in arriving at the solutions and indicate ALL assumptions. 4. lndicate clearly answers that are cancelled‚ if any.
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601 Final Exam Review Guide CH 9: Quantitative Research Design p. 201-235 • Random numbers tables (how are they used in research) p.207 o Researchers can use a table of random numbers to randomize. A small portion of such a table is shown in Table 9.2. In a table of random numbers‚ any digit from 0 to 9 is equally likely to follow any other digit. • Types of research designs: 1. Cohort: A non-experimental design in which a defined group of people (a cohort) is followed overtime to study outcomes
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Final for OPER 7383 Read the article Saving the planet: A tale of two strategies. From this article: 1. How can Solow’s and/or Malthus’ view(s) help supply chains become more sustainable? a. If you feel that only one of these views is correct‚ that is fine as well. Both arguments hold water. Malthus believed that at the rate at which natural resources are depleting‚ if not controlled‚ the world would hit a wall which maybe in the form of a natural disaster‚ famine‚ death etc.
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