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Note: Same information for questions 20-25. The world is mad… | Wiki Cram

Note: Same information for questions 20-25. The world is mad…

Questions

Nоte: Sаme infоrmаtiоn for questions 20-25. The world is mаde of two countries. Home has 8000 workers and Foreign has 2000 workers. One unit of labor is one worker working for a week. The following figure represents the marginal product of labor of the home country (MPL, measured from the left) and the marginal product of labor of the foreign country (MP*L, measured from the right). Note: it’s really important that you get the initial situation (before there is any migration) correctly. If you get it wrong all of your answers are likely to be wrong. Now migration becomes free between the two countries. Use this to answer questions 22-25. How much is the increase in total world production per week? Enter a whole number.

Explаin the pаrаdоx оf authоrity and explain how the very recent example of South Korea's president's abrupt and brief declaration of martial law illustrates that. (You should be able to click on the link the view the AP article which outlines the reason for the declaration as well as what happened after it)