Consider the following Heckscher-Ohlin model. There are 2 countries, Home and Foreign, and their resources are as follows. Home Foreign Labor 15 40 Capital 10 16 These two countries produce 2 goods, videogames and toys, using capital and labor. Videogames are capital intensive. For questions 9-10, consider the Foreign country. Suppose that the price of video games decreases by 10% in the movement from closed economy to free trade, while the price of toys remains unchanged.
9. T/F. The rental rate decreases by more than 10%.
10. T/F. The real rental rate in terms of toys decreases by more than 10%.

Richardson hired j.c. flood company, a plumbing contractor, to correct a stoppage in the sewer line of her house. the plumbing company's 'snake' device, used to clear the line leading to the main sewer, became caught in the underground line. to release it, the company excavated a portion of the sewer line in richardson's backyard. in the process, the company discovered numerous leaks in a rusty, defective water pipe that ran parallel with the sewer line. to meet public regulations, the water pipe, of a type no longer approved for such service, had to be replaced either then or later, when the yard would have to be excavated again. the plumbing company proceeded to repair the water pipe. though richardson inspected the company's work daily and did not express any objection to the extra work involved in replacing the water pipe, she refused to pay any part of the total bill after the company completed the entire operation. j.c. flood company then sued richardson for the costs of labor and material it had furnished. (c) for what, if anything, should richardson be liable? explain."

You decided to charge $100 for your new computer game, but people are not buying it. what could you do to encourage people to buy your game?

Determine if the following statements are true or false. an increase in government spending can crowd out private investment. an improvement in the budget balance increases the demand for financial capital. an increase in private consumption may crowd out private investment. lower interest rates can lead to private investment being crowded out. a trade balance in sur+ increases the supply of financial capital. if private savings is equal to private investment, then there is neither a budget sur+ nor a budget deficit.