Question 7 - Estimates of US job gains and losses due to the FTA-
- Show clear losses in the number of jobs
As manufacturing jobs are lost to countries with lower marginal cost. Thus importing is cheaper than manufacturing.
Question 11 - Market failures are less likely to occur whenever-
-when the free market produces less then what is socially optimal
As market failure occurs due to inefficieny in the distribution of goods and services. When rational self interest doesnt give optimal results
Question 15 - Trade between USA and mexico will occur as long as -
- 1/2 computer and 1/3 computers
Computer Opp Cost | Shoes Opp Cost | |
USA | 3 2 Shoes | 6 (1/2) Computer |
Mexico | 1 3 Shoes | 3 (1/3) Computer |
Question 22 - During the Worldwide recession of 2007-2009
- all countries coordinated macroeconomic policy
Please have the correct answer QUESTION 7 Estimates of U.S. job gains and losses due to...
Please answer 18,19,24,and 25 Correctly QUESTION 18 Use the data in the table below to answer the following question(s): Table 3.1 Output per Hour Worked United States Mexico Computers Shoes 6 pairs 3 pairs Based on Table 3.1, the pre-trade relative price of a computer in Mexico is three pairs of shoes. one-third pair of shoes. one-half pair of shoes. one pair of shoes. QUESTION 19 Which of the following is FALSE? O Capital flows today are larger mainly because...
Question 1 (6 points) Which of the following is true? A) David Ricardo proposed the theory of absolute advantage as the basis for trade. B) Absolute advantage is based on comparing the opportunity costs of trading partners. C) The Ricardian model assumes labor is perfectly mobile. D) Adam Smith proposed the theory of comparative advantage as the basis for trade in The Wealth of Nations Question 2 (6 points) Answer the question(s) below based on the information in the following...
O Questi Questi ts Questi 1.67 pts Question 31 Questi Time Running: Estimates of U.S. job gains and losses due to free trade agreements Attempt due: Dec 2 Hours, 6 Minu show no change in jobs. ons show clear gains in the number of jobs. O show clear losses in the number of jobs. show mixed results, leading to no clear conclusion. Next • Previous The original European Economic Community was a free trade area, O had a common language....
please answer 3,4,16,and 27 correctly. Question 3 Question 4 3 points Save Answer QUESTION 3 Use the graph below and the following information to answer the next question(s). The world price of soybeans is $2.00 per bushel, and the importing country is small enough not to affect the world price. 2.25 2.00 World price 60 70 130 140 Qimilions bushels Figure 6.1 225 2.00 -World price 60 70 130 140 Omillions bushels Figure 6.1 Based on Figure 6.1 given a...
QUESTION 10 Consider the monthly data, including the estimates for March 2020, and the information in the articles. Which of the following is the best analysis of and prediction for the money market in the U.S. economy for the next few months? a. Shortages are causing panic buying by households, which has increased money demand. Lenders are increasing their lending to keep up with the needs of households and businesses. Money demand is increasing more than money supply. b. Shortages...
Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between international trade and domestic trade More complex context More difficult and risky Higher management skills required 3. Basic concept s relating to international trade Visible trade & invisible trade Favorable trade & unfavorable trade General trade system & special trade system Volume of international trade & quantum of international trade Commodity composition of international trade Geographical composition of international trade Degree / ratio of...
Please read the article and answer about questions. You and the Law Business and law are inseparable. For B-Money, the two predictably merged when he was negotiat- ing a deal for his tracks. At other times, the merger is unpredictable, like when your business faces an unexpected auto accident, product recall, or government regulation change. In either type of situation, when business owners know the law, they can better protect themselves and sometimes even avoid the problems completely. This chapter...
I need Summary of this Paper i dont need long summary i need What methodology they used , what is the purpose of this paper and some conclusions and contributes of this paper. I need this for my Finishing Project so i need this ASAP please ( IN 1-2-3 HOURS PLEASE !!!) Budgetary Policy and Economic Growth Errol D'Souza The share of capital expenditures in government expenditures has been slipping and the tax reforms have not yet improved the income...