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- a Discuss the meaning and importance of the Leontief paradox b (a) Discuss the meaning and importance of the Leontief paradox. (b) Summarize the empirical results of Kravis, Keesing, Kenen, and Baldwin on the importance of human capital in helping to resolve the paradox. (c) How was the paradox seemingly resolved by Leamer, Stern, Maskus, and Salvatore and Barazesh? (d) What is the status of the controversy today? a Discuss the meaning and importance of the Leontief paradox bWhy is each of these statements somewhat misleading, based on economic principles? Explain (a) “Undocumented immigrants take only jobs that no American wants.” (b) “Deporting 300,000 undocumented immigrants would create 100,000 job openings for Americans.” Try not to make this a political statement and/or personalize the questions. I am looking for answers based on the economic principles(A) explain how rapid urbanization can pose a problem in the country. Explain in 3 sentences only. (B) How can rising rural-urban migration can be controlled? Explain in 3 sentences only.
- Entrepreneurs are: a) enterprising person who discovers potentially profitable opportunities and organize, direct, and manage productive ventures. b) crtical to the success of any economy, especially if the economy relies heavily on markets. c) an economic resource because they discover more effective and profitable ways to produce the goods and service people want. d) all of the above1. _______________involves active efforts to improve the job opportunities or outcomes of minority groups or women. A)Affirmative action B)Aligned action C)Meritorious action D)Anti-discriminative action 2.Increased immigration that is weighted towards low-skill workers may cause the wages of domestic low-skilled workers to_____________. A)increase b) shift c) decrease D) remain unchanged 3.Through various studies, most economists believe that in the topic of increased immigration; a) benefits outweigh the costs B) the benefits are negligible c) the benefits are equal to the costs D) costs outweigh the benefitsAnswer the given questions IN YOUR OWN WORDS and write your answers on the provided answer sheet. 1. The hardship of a family in Pahang forces two out of nine children of rubber tapper to quit school, and other four will have the same fate if the situation becomes worse. The head of the poor family said he couldn’t afford to send six children to school. He then decided to pull out of two of them from school after failing to get help in order to provide enough food everybody in the family. This is considered a sacrifice by the family in order to let the other four children continue their education. However, if the situation gets worse and without help of anyone, there is a possibility that the four children will have to quit school as well. This sad story has gained the attention of the Ministry of Education which has contributed school uniforms and textbooks to them. The government has also decided to give the four children scholarships, and monthly allowance of will soon be given…
- 2.“South Asia has a lower income per capita than subSaharan Africa.” Comment on the validity of thisstatement.This question is under the Microeconomic Analysis topic. (a) How does economics describe or define discrimination in general? (b) What are some typical costs that would come about in an economy from labor market discrimination?Why is each of these statements somewhat misleading? (a) “Illegal immigrants take only jobs that no American wants.” (b) “Deporting 100,000 illegal immigrants would create 100,000 job openings for Americans.”
- table 1 shows that region IV A or Calabar Zone has the greatest population compared to other regions in the Philippines. What factor contributes to its increased population?Hi can you please help with explanations/calculations of the last 2 questions (3 and 4) :) 1. After the fall of Cambodia to the communists in 1975 Pol Pot, the leader, instigated a policy of rapid deurbanization. The cities were completely evacuated and all labour went to the country. Using a labour market diagram for the specific factors model with an urban and rural sector, and starting at an equilibrium with a common wage, show this policy on the diagram. The Khmer Rouge took control of all assets and so the ‘capitalists’ became the government. Do a welfare analysis of their policy assuming the returns to capital are renamed the return to the government.2. The Khmer Rouge also murdered teachers, for fear that they might subvert the government. Assume that the specific factor in the rural sector is a combined factor of land and skill level, and that the murdering of teachers reduced productivity. Do a welfare analysis of this policy. 3. Pol Pot killed approximately one quarter of…Which of the following is not considered to be social-responsibility reporting?Select one:a. Triple-Bottom-line reportingb. Environmental reportingc. On time delivery reportingd. Social reporting