of International Trade Problem Set 1 Due time: 5pm September 26‚ 2014 (Friday) Answer all of the following questions. While I encourage you to discuss with your classmates‚ you have to write up your own script. Please hand it in to your TA (Miss Jiuqi Zhao) by the due time via her pageon box on the 9th ‡oor of K.K. Leung Building. 1. Suppose that Home and Foreign have the marginal product of labor shown below. Home Foreign Baseball bats 1/6 1 tennis rackets 1/2 1/4 (a) What is the opportunity cost
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Problem Set 1 Macroeconomics‚ ECON 2123 (Instructor: Partha Sen; TA: Peter Tsui) ------------------------------------------------------------------------------------------------------------------------------------ Posted: Friday‚ 19 September 2014 Due: 5:00 PM Friday‚ 26 September 2014 (Submit your homework into the homework collection box outside the department office) 100 marks total Part I: True/False/Uncertain (20 marks‚ 4 marks each) 1. GDP is the value of all goods and services produced
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insight on whether or not violence is‚ in fact‚ human nature‚ or if it is a learned behavior. By exploring one ’s childhood and family life‚ it ’s possible to point out potential causes for excessively violent behavior. As well‚ the society we live in may serve as a catalyst for violence among its habitants. By using anthropology‚ psychology and sociology it is possible to discover what causes humans to be violent creatures. In the human brain‚ just under the cerebrum stem is the source of aggression
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Hire cheaply but effectively. If you cannot afford to hire full-time employees‚ you can do two things: hire commission-only sales reps and/or hire interns. With commission-only sales reps‚ you only need to pay them what they earn. Interns from colleges and universities often work for free or next-to-nothing‚ and get college credit in return. The drawback‚ though‚ is their short-term availability‚ mostly during summer and spring breaks only. Or you can hire dedicated people who are willing to work
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There are multiple reasons why the British Government engaged in appeasement as the German government expanded physically and politically in the 1930’s. First‚ Britain felt that the Treaty of Versailles was too harsh. Second‚ Britain did not want war. Third‚ Britain had a weakness of armed forces. Lastly‚ Britain had a fear of communism. The Treaty of Versailles was put into place to hold Germany accountable for the loss and damages that occurred to the allied powers and associated government because
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Mattel Toy I. Introduction : Mattel Toy Recall 2007 Case Study About Mattel In 1945‚ Ruth and Elliot Handler and Harold "Matt" Matson form a partnership called Mattel Creations in Southern California in a garage workshop that manufactured picture frames and dollhouse furniture. The world’s largest toy company‚ Mattel‚ Inc.‚ also known as “the world’s premiere toy company - today and tomorrow‚” designs‚ manufactures‚ markets‚ and distributes a variety of toy products all over the world. The company’s
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Checklist for Cause and Effect Essay 1. Have I identified the cause or effect I am analyzing in my thesis? I feel that I have identified the cause and effect of insomnia and how it effects mental health in my thesis. The idea was to explore the causes of insomnia and how it effects a person’s behaviors and way of thought. 2. Have I explained the cause-and-effect relationship convincingly? I believe so yes. I feel that after going over the different causes of insomnia I touched on what it can do
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PROBLEM SET # 1 Instructions: 1) Open book‚ open notes limited to only class materials. 2) Unlimited time. 3) This must be reflective of your individual effort. GMU Honor Code applies. 4) The Problem Set #1 (only the question solutions portion) is due at the end of the day on September 24th. 5) Show all work‚ as partial credit will be given for each question’s answer. Organize your work so it is easy to follow. You can use word‚ power point‚ excel or combinations
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Case #8: Mattel and Toy Safety Case # 8 Mattel and Toy Safety Do you believe that Mattel acted in a socially responsible and ethical manner in regard to the safety of its toys? What should or could Mattel have done differently‚ if anything? I do believe that Mattel took an initiative of social responsibility and acted in an ethical manner. The issue of lead paint was introduced to the business. The company then addressed it to their overseas production facilities and took all
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Problem Set 1 1. (Star Wars) Real GDP = 461.0(214.5/60.6) = 1‚631.76 (E.T.) Real GDP = 399.9(214.5/96.5) = 888.90 (Titanic) Real GDP = 600.8(214.5/160.5) = 802.94 (Shrek 2) Real GDP = 437.2(214.5/188.9) = 496.45 (Avatar) Real GDP = 760.5(214.5/214.5) = 760.5 Real GDP in Order of Largest to Smallest Movies Nominal Box Office Receipts (millions) CPI in Year Released Real Box Office Receipts (millions) Star Wars (1977) 461.0 60.6 1‚631.76 E.T. The Extra-Terrestrial (1982) 399.9 96.5 888.90 Titanic
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