## Solution Library

#### Discuss the key insights and the shortcomings we can take from the classical/Ricardian model.

Question Discuss the key insights we can take from the classical/Ricardian model.  What are some shortcomings of the model?  More complete answers will receive higher scores on this question. Summary The question belongs to Economics and it is about the insights and shortcomings from Ri ... Read More

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#### Factor Price Equalization similarity to Heckscher-Ohlin Model in Real World

Question The Factor Price Equalization theorem is a seemingly startling outcome of the Heckscher-Ohlin model.  Discuss the implications of this theorem including why this result does or does not hold in the “real world.” Summary The question belongs to Economics and it is about t ... Read More

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#### Factor Endowments and Allocation of Factors of Production

Question Consider the following table of factor endowments:                                          &n ... Read More

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#### True or False: Trade with tariffs is better than no trade. Justify.

Question True or False:  Trade with tariffs is better than no trade.  Prove/justify your answer. Summary The question belongs to Economics and it is about trade with tariffs. Trade with tariffs can increase the price of the products or services which can ultimately result in the price o ... Read More

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#### Calculating cost to consumer, benefits to producers, change in government revenue with increase in tariff rates

Question Given the following information, calculate the cost to consumer, the benefit to producers, the change in government revenue, and the deadweight loss of a proposed 15% tariff on cars. Price of cars (free trade): \$40,000 Domestic Production (free trade): 200 Domestic Production (after tarif ... Read More

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#### Write an essay on comparison of development indicators for three countries

Question The aim of this question is complete some research on indicators and to arrive at an assessment of the accuracy of such measures in establishing the extent and changes in economic development in a range of regions in the world. Choose 3 countries (Brazil, India and Egypt). Identify four me ... Read More

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#### Difference between Developmental factors of China and Russia

Question Suppose China exports TVs and uses the yuan as its currency, whereas Russia exports vodka and uses the ruble. China has a stable money supply and slow, steady technological progress in TV production, while Russia has very rapid growth in the money supply and no technological progress in vo ... Read More

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#### Article review: We need much simpler rules to rein in the banks

Question Below, please find an article by Nicholas Brady, a former US Treasury secretary, of 27 August 2012 titled, “We need much simpler rules to rein in the banks”. Read it carefully. Then, answer the questions below. Beware of one thing. This is an exercise in economics. Not in polit ... Read More

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#### Describe the challenges globalization presents to trade unions and how trade unions should respond to these challenges.

Question Describe the challenges globalization presents to trade unions and how trade unions should respond to these challenges. Summary The question belongs to Economics and it is about the challenges that globalization presents to trade unions and how trade unions should respond to such challen ... Read More

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#### Do you believe globalization has had a positive or negative influence on collective bargaining? Why or why not?

Question Do you believe globalization has had a positive or negative influence on collective bargaining?  Why or why not? Summary The question belongs to Economics and it is about globalization and whether or not it has a positive or negative eff3ect on collective bargaining for trade unions ... Read More

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#### Globalization in the 21st century has increased competition between nations for investment, technology, and labor. Do you believe this to be a positive or negative trend?

Question Globalization in the 21st century has increased competition between nations for investment, technology, and labor.  Do you believe this to be a positive or negative trend?  Defend your answer. Summary The question belongs to Economics and it is about globalization in 21st centu ... Read More