The Stolper-Samuelson theorem predicts that inequality will fall in developing economies. But the adoption of new technologies as countries join GVCs means that production processes favour the skilled even in developing countries. So, is Stolper-Samuelson wrong? Explain
Q: How can technology increase inequality with the GDP growth?
A: Technology can increase inequality if it leads to increased automation and job loss in sectors that…
Q: Why is the existence of a correlation (existence of co-occurrence or association) between and Fnot…
A: Correlation shows the relationship between 2 variables. Correlation is of 2 types negative and…
Q: Bruce Wayne has a child and wishes to determine what lump sum would have to be paid into an an…
A:
Q: You are given the following market data for Venus automobiles in Saturnia. Demand: P = 35,000 - 0.50…
A: At the marketplace, an equilibrium is the position where market is operated efficiently as it is the…
Q: How did businesses change over the period 1870-1900? Provide three examples of successful people,…
A: The organisation and management of American industry underwent a significant transformation in the…
Q: 8. Five years ago, an industrial engineer deposited $10,000 into an account and left it undisturbed…
A: The formula to calculate ROR is: ROR = Present Value - Initial ValueInitial Valuex100 Real ROR =…
Q: The fixed cost at Harley Motors are $ 1Million annually. The min. product has revenue of $27.59 per…
A: Meaning of Cost: The term cost refers to the situation under which a firm occurs various expenses…
Q: Step 1: Short-Run Equilibrium The following graph shows an aggregate demand (AD) curve and a…
A: In the diagram we can see that the economy is an equilibrium where the demand and the supply curve…
Q: You owe ₱30,000 due at the end of 3 years without interest. After 2 years, you want to pay the loan,…
A: Given P30,000 is due at end of 3 years without interest rate which means the creditor will receive…
Q: Why has there been such a surge in the number of different products available in our economy?
A: Market is defined as a place or situation when buyers and sellers come together to exchange goods…
Q: 12. Assume that the consumption function is given by C=200+ 0.7 (Y-7), the tax function is given by…
A: Given information: Y = 50K0.5L0.5 -----------> Production function C = 200 + 0.7(Y-T)…
Q: Answer of both parts will appreciate and i will rate positive B) how can international aid assist…
A: Economic Development Economic development initiatives are programs, policies, or actions that aim…
Q: Implicit costs are defined by economists as nonmonetary opportunity costs. Why is it important for a…
A: Opportunity cost alludes to the current cost of foregoing the second-best utilization of the assets.…
Q: Classify each of the following based on the macroeconomic definitions of saving and investment.…
A: Saving is the piece of pay not spent on current consumption. At the end of the day, it is the cash…
Q: Willingness to spend, which relates to a person’s _____, is likely to ____ if he or she is unsure…
A: Demand - it refers to the quantity of a good that a consumer is able and willing to purchase during…
Q: Refer to the production possibilities schedule below, which shows a hypothetical society's…
A: A production possibility frontier (PPF) shows the maximum possible output combinations of two goods…
Q: Question 6 Price Demand, D Quantity Refer to the figure above. An increase in the price of a…
A: Since you have given multiple questions, we will solve the first question for you. If you want any…
Q: Four after college friends all lost their computers in a dorm theft Drew forgot to lock the door.…
A: We have given the willingness to pay for netbooks for 4 college students. Student Willingness to…
Q: 1. Economic growth around the world The following table reports real income per person for several…
A: Real income is how much cash an individual or entity makes in the wake of accounting for inflation…
Q: those two points. Is this demand elastic or inelastic? Barron used to make $2,500 a month and eat…
A:
Q: A company produces and sells a consumer product and is able to control the demand by varying the…
A: The term fixed cost alludes to a cost that doesn't change with an increment or diminishing in the…
Q: Show complete solution. Consider a teacher depositing an amount P into a savings account and then…
A: P = F/ (1 + R)^t Where P : Present value F: Future value R : Per annum compound interest rate T :…
Q: Use a supply and demand graph to show the impact of the following on the equilibrium price and…
A: There are factors other than the price of the commodity which affect the demand and supply. So here,…
Q: Vince loaned a certain amount from a cooperative and promised to pay it back with 2.32 times his…
A: The interest rate which is calculated without taking into account the impact of inflation is…
Q: It has been noted that both unemployment and inflation are rising at the same time. A. According to…
A: A person is said to be unemployed if they are actively looking for work and are thought to be…
Q: You have just moved to a new country to take up a two-year assignment. You need to buy a car and…
A: In the process of making decisions, economic analysis is unavoidably a crucial instrument. Before…
Q: True or false For South Africa, an exchange if R9/$ is equivalent $0.11/R by the direct method…
A: The exchange rate is the price at which one currency will be exchanged opposed to another currency.…
Q: Suppose we observe an increase in the world price of coffee beans. Which of the following best…
A: Shortage refers to a situation in which the demand for the good exceeds its supply. This leads to a…
Q: The following graph shows the domestic supply of and demand for soybeans in Guatemala. Guatemala is…
A: The following graph shows the domestic demand and domestic supply for Soybeans in Gautemala. The…
Q: Prof. Business is considering retirement in 5 years. She is in a self-managed defined contribution…
A: Employees who participate in defined contribution (DC) retirement plans can put pre-tax money in the…
Q: production function is q = f(L, K), where q is output, L is workers, and K is the fixed number of…
A: Average productivity of labour = Output/Labour = q/L Marginal productivity of labour = MPL = dq/dL
Q: A small countertop installing company hires you to estimate their customers weekly demand function…
A: Elasticity of demand measures the responsiveness of quantity demanded with respect to change in…
Q: State the following country: name of country and current scenario regarding hunger.
A: Hunger is the state when people lacks access to sufficient amount of nutritious food for a standard…
Q: Bargaining power of customers is likely to be the lowest for markets involving Apparel Automobiles…
A: In a market, bargaining power of a customer refers to the situation when a customer can negotiate…
Q: 1. In a simple economy, people consume only 2 goods, lo market basket of goods used to compute the…
A: A price index is a measure of the proportionate, or percentage, changes in a set of prices over…
Q: Below is the data for the maximum production of the only two products for the countries of Oz and…
A: Food Equipment Oz 32 16 Zas 16 24
Q: Select 3 courses from a list of 7. How many different courses can be selected? Group of answer…
A: The combination is used to select the objects from the group of objects. Let's assume there are…
Q: Suppose that the annual federal deficit is $350 billion. Gross Domestic Product 'GDP', a measure of…
A: Federal Deficit = 350 billion GDP = 14,500 billion
Q: Factory X can produce skis or snowboards. If all factory time is devoted to producing skis, 400…
A:
Q: Question 26 What does an increase in the production possibilities front O An increase in the…
A: Production possibilities frontier shows different combinations of goods and services that can be…
Q: Explain how a mixed economy differs from both a planned and a free market enterprise economy and…
A: Mixed economy An economic system that combines parts of a market system with parts of a centrally…
Q: max II₁ = A₂K@NwNt - rt K₁ K>0, N₁20
A: Given profit function ∏t=AtKtαLt1-α-wtNt-rtKt ..... (1) We have to find first-order…
Q: 14. A company is considering the purchase of one of two brands of supercomputers. The data on each…
A: Given, Two Brands : Brand A and Brand BMARR :12%
Q: Analyze the problem in terms of sandwiches for salads. Choose terms of trade that will be beneficial…
A: Terms of trade is the price of one good in terms of the other good, that two countries / individuals…
Q: Olney Recycling recycles newsprint, cardboard, and so forth, into recycled packaging materials. For…
A: The overhead rate refers to the allocated cost for the purpose of production of a good or service.…
Q: This graph shows the short-run aggregate supply curve (SRAS) of a hypothetical economy where the…
A: Nominal Gross Domestic Product (Nominal GDP) is the aggregate market value of all goods and services…
Q: Explain the difference between absolute advantage and comparative advantage. Which is the basis for…
A: Absolute advantage alludes to the a firm's, individual or a country's capacity to create a more…
Q: In the long run, an increase in saving. Answers A-E A leads to crowding out. B leads to higher…
A: In the long run, a higher saving rate will by and large prompt more significant levels of economic…
Q: increase.
A:
Q: If machine has a first cost which is five times of its salvage value and the annual depreciation…
A: The straight-line method is the type of depreciation method. Annual depreciation=(First cost-Salvage…
The Stolper-Samuelson theorem predicts that inequality will fall in developing economies. But the adoption of new technologies as countries join GVCs means that production processes favour the skilled even in developing countries. So, is Stolper-Samuelson wrong? Explain
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- In this chapter Wheelan also discusses the role of developed economies in alleviating (reducing) poverty in less developed economies. To this purpose, he draws from works of development economists such as William Easterly, Jeffrey Sachs, and others. Of the statements listed below which would Wheelan and the other quoted authors NOT AGREE to be effective or well-directed economic development strategies to alleviate global poverty? Group of answer choices Most of the difference between the huge success of East Asia and the relatively poor performance of South Asia, sub-Saharan Africa, and Latin America can be explained by the differences in their government policies. Traditional aid projects to the less developed economies have been inflexible and ineffective. Impoverished nations are caught in a poverty trap, and only capital from developed nations will rescue them. The primary stumbling block to development in poor countries has been the bad advice they received from the rich…Using examples from Africa, critically analyse the extent to which vulnerability and social exclusion are linked to poverty in developing countries.What is the average income and poverty rate in urban areas of developing countries, and how do these compare to rural areas within the same countries? Additionally, what factors contribute to income inequality and poverty, and what policies can be implemented to address these issues?
- What is the relationship between the age structure of a population and its dependency burden? Is the dependency burden higher or lower in developing countries? Why?Aside from China and India, which among the developing countries possess the elements or characteristics that will make it rise above the middle-income trap?How is there a relationships between inequality and development. How does this relate to suggestions that development strategies should prioritise the satisfaction of basic needs?
- In the Philippines, is it possible to end poverty in 2040?What is meant by absolute versus relative poverty? What measures of income poverty are favored by development economists? How do income poverty measures differ from the UNDP’s Multidimensional Poverty Index? Explain why should we be concerned with the measurement of poverty in developing nations!What is meant by absolute poverty? What measures of income poverty are favored by development economists? How do income poverty measures differ from the UNDP’s Multidimensional Poverty Index? Why should we be concerned with the measurement of poverty in developing nations?
- An IAC (industrially advanced country) had a per capita income of $28,200, while a DVC (developing country) had a per capita income of $1,200 in a given year. If both countries experience a per-capita-income growth of 5 percent, then the per-capita-income gap one year later will be $28,350. $29,400. $27,000. $350.In developed countries, which one is correct? a Market income inequality > Final distribution of income>Wealth inequality b Wealth inequality > Market income inequality > Post-fisc income inequality C Wealth inequality Market income inequality < Post-fisc income inequality d Market income inequality > Post-fisc income inequality >Wealth inequality.What measures of income poverty are favored by development economist?