Is it possible for comparative advantage to change, thus changing the direction of trade?
What will be an ideal response?
Lagging productivity growth may cause a country to lose its comparative advantage. In a two-product, two-country model, this would change the direction of trade.
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Dwight Stringer signed three promissory notes as an agent for his company. The first, he signed "Dwight Stringer, agent for Park Systems, Inc". The second, he signed "Dwight Stringer, Agent.". The third note was signed merely "Park Systems, Inc". Discuss the liability of Dwight and Park Systems, Inc on each of the notes
Janice uses Johnson's rule to schedule her pasta production. When is the Manicotti done on the Roller?
A) 22 minutes B) 14 minutes C) 31 minutes D) 43 minutes
A basic objective of the Securities Act of 1933 is:
A) to provide investors with material information concerning securities offered for sale to the public. B) to prohibit misrepresentation and other fraudulent acts in the sale of only registered securities. C) to provide disclosure requirements on publicly held corporations. D) to regulate tender offers and proxy solicitations.
A regression analysis involving 45 observations relating a dependent variable and two independent variables resulted in the following information.
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= .408 + 1.3387x1+ 2x2
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The SSE for the above model is 49. When two other independent variables were added to the model, the following information was provided.
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= 1.2 + 3x1 + 12x2 + 4x3 + 8x4
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This model's SSE is 40.
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At a .05 level of significance, test to determine if the two added independent variables contribute significantly to the model.
What will be an ideal response?