Homework Answers
A. 1/2 unit of B; good A
As producing
A- 2 hours
B- 4 hours
B=2A
Hence opportunity cost of A is B/2
That is 1/2 unit of B
Add Answer to:
ll Verizon LTE 33%).о. 10:25 PM 2 Question Opportunity costs and trade Unanswered Suppose producing a...
Verizon LTE 33%).о. 10:25 PM 2 ๑ Question Supply curve Unanswered In the Ricardian model, if...
Verizon LTE 33%).о. 10:25 PM 2 ๑ Question Supply curve Unanswered In the Ricardian model, if the world relative demand curve crosses the world relative supply curve at the vertical segment, then A the countries will not trade. both countries will completely specialize. both countries will incompletely specialize. one country will completely specialize D and the other will incompletely specialize. Unanswered
.ייי Verizon LTE 10:25 PM 33%).о. Question 2 Absolute advantage Unanswered Absolute advantage is most important...
.ייי Verizon LTE 10:25 PM 33%).о. Question 2 Absolute advantage Unanswered Absolute advantage is most important for the determination of A the pattern of trade B the relative wage C the world relative price. D the shape of the PPF. Unanswered
Verizon LTE 33% 10:25 PM Question 2 Trade and production in the specific factors model Unanswered...
Verizon LTE 33% 10:25 PM Question 2 Trade and production in the specific factors model Unanswered In autarky, the opportunity cost of wine in the U.S. is 4 beers and in Mexico is 8 beers. If there are increasing opportunity costs (as in the specific factors model), then after opening to trade the U.S. wil A fully specialize in and export wine. B fully specialize in and export beer. C produce both goods and export wine. D produce both goods...
Verizon LTE 33% 10:25 PM Question 2 Trade and factor returns Unanswered Consider a specific factors...
Verizon LTE 33% 10:25 PM Question 2 Trade and factor returns Unanswered Consider a specific factors model in which capital is specific to manufacturing and land is specific to agriculture. If a country has a comparative advantage in manufacturing output, then when it opens to trade owners of land will beoff because the marginal product of land will . A better, rise B better; fall C worse; rise D worse; fall Unanswered
Verizon LTE 33%).о. 10:25 PM Question 2 Gravity model Unanswered Which is a significant explanation for...
Verizon LTE 33%).о. 10:25 PM Question 2 Gravity model Unanswered Which is a significant explanation for the general success of the gravity model? Large economies have relatively larger A areas, which raises the probability that a productive activity will take place within the borders of that country. Large economies tend to avoid trading with small economies. Large economies tend to have large incomes and tend to spend more on imports Unanswered
Verizon LTE 8:57 PM Question 2 Trade policies Unanswered Which statement is false? A large country...
Verizon LTE 8:57 PM Question 2 Trade policies Unanswered Which statement is false? A large country never gains from imposing an export subsidy. A small country never gains from imposing an export subsidy. A large country never gains from imposing an import tariff. A small country never gains from imposing an import tariff. Unanswered
Suppose producing a unit of good A requires 2 hours of labor and producing a unit...
Suppose producing a unit of good A requires 2 hours of labor and producing a unit of good B requires 4 hours of labor. The opportunity cost of good A is ----. If the world relative price of good A is 1, then this country will export ----. A 1/2 unit of good B; good A B 1/2 unit of good B; good B C 2 units of good B; good A D 2 units of good B; good B
.l Verizon LTE 1:34 PM 33% Exit Question 1 4 pts Gа 4c In the above...
.l Verizon LTE 1:34 PM 33% Exit Question 1 4 pts Gа 4c In the above diagram, each side of the triangle is 19.4 cm long. Charge b is 8.7 и C while charge c is twice that, but negative. Charge A is 18.2 C. Determine the magnitude of the net force exerted on Charge A. Express your answer in Newtons. l Verizon LTE 1:34 PM 33% Exit C. Determine the magnitude of the net force exerted on Charge A....
Suppose a small country producing cars (C) and food (F) is closed to free trade. Its...
Suppose a small country producing cars (C) and food (F) is closed to free trade. Its production possibilities frontier (PPF) reflects increasing costs (it’s bowed out). Finally, preferences in this country are such that consumers like both goods equally: U(DC , DF ) = D 1 2 CD 1 2 F . (a) Using graphs, show the autarky equilibrium in this country. Show both (i) a graph of the PPF and indifference curve, and (ii) a graph of relative demand...
Suppose television production requires 20 units of labor and 4 units of land. Rice requires 1...
Suppose television production requires 20 units of labor and 4 units of land. Rice requires 1 unit of labor and 4 units of land. If there is no trade, which good will be relatively cheaper in each country? If a free trade occurs, what will happen with relative prices of goods? If a free trade occurs, What will happen with the factors prices? Does this happen in the real world? Explain why yes or why not.
Verizon LTE 33%).о. 10:25 PM 2 ๑ Question Supply curve Unanswered In the Ricardian model, if the world relative demand curve crosses the world relative supply curve at the vertical segment, then A the countries will not trade. both countries will completely specialize. both countries will incompletely specialize. one country will completely specialize D and the other will incompletely specialize. Unanswered
.ייי Verizon LTE 10:25 PM 33%).о. Question 2 Absolute advantage Unanswered Absolute advantage is most important for the determination of A the pattern of trade B the relative wage C the world relative price. D the shape of the PPF. Unanswered
Verizon LTE 33% 10:25 PM Question 2 Trade and production in the specific factors model Unanswered In autarky, the opportunity cost of wine in the U.S. is 4 beers and in Mexico is 8 beers. If there are increasing opportunity costs (as in the specific factors model), then after opening to trade the U.S. wil A fully specialize in and export wine. B fully specialize in and export beer. C produce both goods and export wine. D produce both goods...
Verizon LTE 33% 10:25 PM Question 2 Trade and factor returns Unanswered Consider a specific factors model in which capital is specific to manufacturing and land is specific to agriculture. If a country has a comparative advantage in manufacturing output, then when it opens to trade owners of land will beoff because the marginal product of land will . A better, rise B better; fall C worse; rise D worse; fall Unanswered
Verizon LTE 33%).о. 10:25 PM Question 2 Gravity model Unanswered Which is a significant explanation for the general success of the gravity model? Large economies have relatively larger A areas, which raises the probability that a productive activity will take place within the borders of that country. Large economies tend to avoid trading with small economies. Large economies tend to have large incomes and tend to spend more on imports Unanswered
Verizon LTE 8:57 PM Question 2 Trade policies Unanswered Which statement is false? A large country never gains from imposing an export subsidy. A small country never gains from imposing an export subsidy. A large country never gains from imposing an import tariff. A small country never gains from imposing an import tariff. Unanswered
.l Verizon LTE 1:34 PM 33% Exit Question 1 4 pts Gа 4c In the above diagram, each side of the triangle is 19.4 cm long. Charge b is 8.7 и C while charge c is twice that, but negative. Charge A is 18.2 C. Determine the magnitude of the net force exerted on Charge A. Express your answer in Newtons. l Verizon LTE 1:34 PM 33% Exit C. Determine the magnitude of the net force exerted on Charge A....
Most questions answered within 3 hours.
-
find the critical value associated with a right sided hypothesis of
the mean using a sample...
asked 1 hour ago -
Which of the following statements is true with respect to a
simple linear regression model?
a....
asked 2 hours ago -
The energy required to remove an electron from a surface of a
solid element is called...
asked 3 hours ago -
How would you train your employees to avoid risks of using
mobile devices?
asked 4 hours ago -
Assume Kw = 1.01 ✕ 10−14
For pure water, we can calculate [H3O+ ] = [OH...
asked 5 hours ago -
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 6 hours ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 6 hours ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 8 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 8 hours ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 9 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 10 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 10 hours ago