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Hanson, John R., II – Journal of Economic Education, 1995
Contends that it is widely believed that cheap labor in poor countries attracts foreign investors. Asserts that historical evidence indicates that past patterns of direct foreign investment in poor countries are inconsistent with the cheap-labor argument. Includes two figures and one table. (CFR)
Descriptors: Capitalism, Developed Nations, Developing Nations, Economic Change
Peer reviewed Peer reviewed
Jackson, P. M. – Economics, 1992
Contends that unemployment is an example of market failure. Argues that explaining unemployment from this supply-demand approach is preferable to the traditional explanation that high "real wages" are the cause. Reveals that many prominent economists entered the field because of their concern for the social problems caused by…
Descriptors: Dislocated Workers, Economic Change, Economic Factors, Economics
Peer reviewed Peer reviewed
Haupert, Michael J. – Journal of Economic Education, 1996
Describes an undergraduate economics course experiment designed to teach the concepts of comparative advantage and opportunity costs. Students have a limited number of labor hours and can chose to produce either wheat or steel. As the project progresses, the students trade commodities in an attempt to maximize use of their labor hours. (MJP)
Descriptors: Consumer Economics, Economic Impact, Economic Research, Economics Education
Catterall, James S. – 1985
This paper updates available evidence on the costs to society associated with noncompletion of school by substantial numbers of American youth. The only comparable treatment of this topic was published in 1972 by Henry M. Levin. The findings of this earlier study are recast to account for current earnings projections and price levels, and for…
Descriptors: Academic Ability, Cost Effectiveness, Dropout Research, Economic Opportunities