Homework Answers
Ans) Australia has comparative advantage in lumber because it has lower opportunity cost of producing lumber
Britain's opportunity cost of producing lumber = 700/2800= 0.25 plastic
Australia 's opportunity cost of producing plastic = 500/ 2500 = 0.2 plastic
Add Answer to:
Use the table below to answer the following questions. Great Britain Australia Lumber Plastic Lumber Plastic...
Use the table below to answer the following questions. Great Britain Australia Lumber Plastic Lumber Plastic...
Use the table below to answer the following questions. Great Britain Australia Lumber Plastic Lumber Plastic 2800 700 2500 500 Which country has absolute advantage in lumber? Why? (en_us) Le veek 2 DISCUSSIOTT TOTUITT Listed below are several topics I would like for each of you to discuss throughout the week. Refer to the weekly materials, your textbook, and/or the GMC library when researching the topics for this Discussion Forum. Put your writing into your own words, do not copy...
8. Use the information in the table below to answer the following questions Unit labor requirement...
8. Use the information in the table below to answer the following questions Unit labor requirement U.S. Argentina Wheat 50 Beef 200400 200 (a) Does either country have an absolute advantage in the production of wheat or beef? Explain. (b) What is the opportunity cost of wheat in each country? (c) What is the opportunity cost of beef in each country (d) Analyze the comparative advantage and opportunities for trade between the US and Argentina.
Use the information below to answer the following questions. Currency per U.S. $ Australia dollar 1.2373...
Use the information below to answer the following questions. Currency per U.S. $ Australia dollar 1.2373 6-months forward 1.2360 Japan yen 100.2900 6-months forward 100.0900 U.K. pound .6796 6-months forward .6777 Suppose interest rate parity holds, and the current six-month risk-free rate in the United States is 3 percent. Use the approximate interest rate parity equation to answer the following questions. Requirement 1: What must the six-month risk-free rate be in Australia? (Enter your...
Use the information below to answer the following questions. Currency per U.S. $ 1.2384 Australia dollar...
Use the information below to answer the following questions. Currency per U.S. $ 1.2384 Australia dollar 6-months forward Japan Yen 6-months forward 1.2349 100.4000 99.9800 6792 U.K. Pound 6-months forward .6781 Suppose interest rate parity holds, and the current risk-free rate in the United States is 4 percent per six months. Use the approximate interest rate parity equation to answer the following questions Requirement 1: What must the six-month risk-free rate be in Australia? (Enter your answer as a percent...
International Economic Relations: Consider the following input-output table, please answer questions a-h. Note that a one...
International Economic Relations:
Consider the following input-output table, please answer questions a-h. Note that a one word answer is not acceptable. For full credit, you must provide explanation for your answers and show how you arrive at them. Man Hours Required to Produce Unit of Output Country A Country B Good X 5 15 Good Y a. Which country has absolute advantage in which good? Why? b. Which country has comparative advantage in which good? Why? c. What is the...
Use the information below to answer the following questions. Australia dollar 6-months forward Japan Yen 6-months...
Use the information below to answer the following questions. Australia dollar 6-months forward Japan Yen 6-months forward U.K. Pound 6-months forward Currency per U.S. $ 1.2384 1.2349 100.4000 99.9800 .6792 .6781 Suppose interest rate parity holds, and the current risk-free rate in the United States is 4 percent per six months. Use the approximate interest rate parity equation to answer the following questions. Requirement 1: What must the six-month risk-free rate be in Australia? (Enter your answer as a percent...
Use the information below to answer the following questions. Australia dollar 6-months forward Japan Yen 6-months...
Use the information below to answer the following questions. Australia dollar 6-months forward Japan Yen 6-months forward U.K. Pound 6-months forward Currency per U.S. $ 1.2384 1.2349 100.4000 99.9800 .6792 .6781 Suppose interest rate parity holds, and the current risk-free rate in the United States is 4 percent per six months. Use the approximate interest rate parity equation to answer the following questions. Requirement 1: What must the six-month risk-free rate be in Australia? (Enter your answer as a percent...
Answer the following questions using the information given by the accompanying table: United States China Number...
Answer the following questions using the information given by the accompanying table: United States China Number of computers produced per hour 200 500 Number of TV screens produced per hour 450 700 a. [2 points] Which country has an absolute advantage in the production of computers? Which country has an absolute advantage in the production of TV screens? b. [2 points] What is the opportunity cost of computers in terms of TV screens in United States? What is the opportunity...
Instruction: Use Table A representing hypothetical production capacities of two economies in answering the following questions....
Instruction: Use Table A representing hypothetical production capacities of two economies in answering the following questions. Assume that there are only 2 laborers in each country that works exactly 1 hour only. If each laborer (e.g. 1 laborer in each good) in each country works 1 hour in producing wine and bread, the output per country are as follows: A) Without Specailization/Pre-trade Country/Good Wine /hour or labor Bread /hour of labor Philippines 12 8 20 USA 10 1. Who has...
Use the following Information to answer questions for a hypothetical population. Figure 2 Ages (years) Population...
Use the following Information to answer questions for a hypothetical population. Figure 2 Ages (years) Population # Deaths POPULATION A 15-19 1,000 30 20-24 4,000 16 25-29 6,000 121 Total 11,000 167 POPULATION B 15-19 5,000 120 20-24 2,000 20 25-29 500 20 Total 7,500 160 Using Figure 2, calculate the crude mortality rate ratio of Population A compared to Population B. -- Font family -- -- Font size -- -- Format --HeadingSub Heading 1Sub Heading 2ParagraphFormatted Code -- Font...
Use the table below to answer the following questions. Great Britain Australia Lumber Plastic Lumber Plastic 2800 700 2500 500 Which country has absolute advantage in lumber? Why? (en_us) Le veek 2 DISCUSSIOTT TOTUITT Listed below are several topics I would like for each of you to discuss throughout the week. Refer to the weekly materials, your textbook, and/or the GMC library when researching the topics for this Discussion Forum. Put your writing into your own words, do not copy...
8. Use the information in the table below to answer the following questions Unit labor requirement U.S. Argentina Wheat 50 Beef 200400 200 (a) Does either country have an absolute advantage in the production of wheat or beef? Explain. (b) What is the opportunity cost of wheat in each country? (c) What is the opportunity cost of beef in each country (d) Analyze the comparative advantage and opportunities for trade between the US and Argentina.
Use the information below to answer the following questions. Currency per U.S. $ 1.2384 Australia dollar 6-months forward Japan Yen 6-months forward 1.2349 100.4000 99.9800 6792 U.K. Pound 6-months forward .6781 Suppose interest rate parity holds, and the current risk-free rate in the United States is 4 percent per six months. Use the approximate interest rate parity equation to answer the following questions Requirement 1: What must the six-month risk-free rate be in Australia? (Enter your answer as a percent...
International Economic Relations:
Consider the following input-output table, please answer questions a-h. Note that a one word answer is not acceptable. For full credit, you must provide explanation for your answers and show how you arrive at them. Man Hours Required to Produce Unit of Output Country A Country B Good X 5 15 Good Y a. Which country has absolute advantage in which good? Why? b. Which country has comparative advantage in which good? Why? c. What is the...
Use the information below to answer the following questions. Australia dollar 6-months forward Japan Yen 6-months forward U.K. Pound 6-months forward Currency per U.S. $ 1.2384 1.2349 100.4000 99.9800 .6792 .6781 Suppose interest rate parity holds, and the current risk-free rate in the United States is 4 percent per six months. Use the approximate interest rate parity equation to answer the following questions. Requirement 1: What must the six-month risk-free rate be in Australia? (Enter your answer as a percent...
Use the information below to answer the following questions. Australia dollar 6-months forward Japan Yen 6-months forward U.K. Pound 6-months forward Currency per U.S. $ 1.2384 1.2349 100.4000 99.9800 .6792 .6781 Suppose interest rate parity holds, and the current risk-free rate in the United States is 4 percent per six months. Use the approximate interest rate parity equation to answer the following questions. Requirement 1: What must the six-month risk-free rate be in Australia? (Enter your answer as a percent...
Instruction: Use Table A representing hypothetical production capacities of two economies in answering the following questions. Assume that there are only 2 laborers in each country that works exactly 1 hour only. If each laborer (e.g. 1 laborer in each good) in each country works 1 hour in producing wine and bread, the output per country are as follows: A) Without Specailization/Pre-trade Country/Good Wine /hour or labor Bread /hour of labor Philippines 12 8 20 USA 10 1. Who has...
Most questions answered within 3 hours.
-
Little’s Law: Val d’Costa is a world famous ski village in the
French Alps. Because of...
asked 23 minutes ago -
Find the absolute error D for the calculation if A + B/C=D A=
9.4 +/- 0.4...
asked 36 minutes ago -
New Air Heating and Cooling, manufactures furnaces and central
air units. The company pride itself on...
asked 50 minutes ago -
A coach uses a new technique to train gymnasts. Seven
gymnasts were randomly selected and their...
asked 2 hours ago -
While rotating the tires on your car you notice a rock [mass =
0.1 Kg] stuck...
asked 4 hours ago -
Using MARS simulator, write MIPS programs according to
the following scenarios: Receive a positive integer number...
asked 6 hours ago -
An object in front of a concave mirror has a real image that is
11.5 cm...
asked 6 hours ago -
Consider the reaction, C3 H8 + O2 --> CO2 + H2O. How many
moles of O2...
asked 8 hours ago -
You and your opponent both roll a fair die. If you both roll the
same number,...
asked 8 hours ago -
In a study of the accuracy of fast food drive-through orders,
Restaurant A had 257 accurate...
asked 8 hours ago -
Identify and describe in detail the four categories of
institutions that could be included in a...
asked 8 hours ago -
In python
class Customer:
def __init__(self, customer_id, last_name, first_name, phone_number, address):
self._customer_id = int(customer_id)
self._last_name =...
asked 9 hours ago