Question
The Stolper-Samuelson theorem is a result in
international trade theory. According to this theorem, an increase in the price of a good will:Solution
The Stolper-Samuelson theorem states that when the price of a good increases, the real income (wage, rent, etc.) of the factor of production used intensively in producing that good will increase, while the real income of the factor used less intensively will decrease. This reflects how trade impacts income distribution across different factors of production. For example, if a country is capital-abundant and the price of capital-intensive goods rises, capital owners will benefit, and laborers may lose
Quantity I: X: Aman, Bhuvan, and Chintu started a business with initial investments of Rs. (4a + 544), Rs. (2a + 896), and Rs. (...
A car travels 120 km at a speed of 40 km/h and returns at a speed of 60 km/h. Find the average speed of the car for the whole journey.
Let A={1,2,3}, and B={x ∈ Z ∣ 1≤x≤4}. The total number of injective functions from A to B is:
In a survey, 60% of the participants are women and 40% are men. Among the women, 50% are employed, while 70% of the men are employed. If there are 200 p...
A parallelogram has diagonals of lengths 24 cm and 18 cm. The angle between the diagonals is 60°. Find the area of the parallelogram.
- What was the first successful supercomputer?
Quantity I: ‘X’ – For a number greater than one, the difference between the number and its reciprocal is equal to 40% of t...
(5.5% of 470) – (6.5% of 510) +2= ?
A car covers the first 40 km of a journey at 60 km/h and the next 60 km at 90 km/h. What is the average speed for the entire journey?
