Homework Answers
Request Answer!
We need at least 10 more requests to produce the answer.
0 / 10 have requested this problem solution
The more requests, the faster the answer.
Add Answer to:
International trade based on scale economies is likely to be associated with O A. the law...
1. In the case of trade based on external economies of scale, the pattern of trade...
1. In the case of trade based on external economies of scale, the pattern of trade is determined by relative factor abundance. determined by comparative advantage. determined by relative technological differences. determined by history and accident. 2. Dynamic returns to scale refer to average cost falls with current rate of production marginal cost falls with current production average cost falls with cumulative production over time. marginal cost fall with cumulative production over time. 3. In which of the following cases...
Q.1: State and explain the concepts of factor abundance and factor intensity. (2 points) Factor abundance...
Q.1: State and explain the concepts of factor abundance and factor intensity. (2 points) Factor abundance is a bilateral concept in factor proportions trade theory that has no definition when there are many countries and various factors of production. The present paper proposes a general definition, the Euclidean distance to the intersection of abundance rays with unit hyperplanes. Distance factor abundance is compared with other measures using a data set from the literature. Q. 2: Using the concepts above, state...
Trade Theories, a Historical Approach Free trade refers to a situation where a government does not...
Trade Theories, a Historical Approach Free trade refers to a situation where a government does not attempt to influence through quotas or duties what its citizens can buy from another country, or what they can produce and sell to another country. The economic arguments surrounding the benefits and costs of free trade in goods and services are not abstract academic ones. International trade theory has shaped the economic policy of many nations for the past 50 years. The textbook reviews...
International trade should be based on: Group of answer choices the law of one price purchasing...
International trade should be based on: Group of answer choices the law of one price purchasing parity comparative advantage absolute advantage
Question 144 pts Dutch Disease is associated with a dramatic decline in the demand for a...
Question 144 pts Dutch Disease is associated with a dramatic decline in the demand for a primary commodity produced by a country. True False Flag this Question Question 154 pts The Heckscher-Olin model uses differences in factor abundance to determine whether any nation has a comparative advantage in any good. True False Flag this Question Question 164 pts According to the Ricardian model, the source of comparative advantage is: differences in the fields of research and development in a country....
O They allow companies to achieve economies of scale. D Question 11 1 pts Which of...
O They allow companies to achieve economies of scale. D Question 11 1 pts Which of the following is a false statement? O A developing nation can gain from international trade because it subjects its producers to greater competition. A developing nation will lose in international trade because it subjects its producers to greater competition. O A developing nation can gain from international trade because it can take advantage of increasing returns to scale due to being able to produce...
this is autarky? Answer questions 1 and 10 based on a global economy of two Ricardian...
this is autarky?
Answer questions 1 and 10 based on a global economy of two Ricardian economies (Home, Foreign) whose industry technologies are given in the following table: Product aLx 0.5 aLY = 1 Foreign a*x = 0.5 aLY Table 1: Labor hours per unit of outputs Each of these two economies is endowed with 500 labor hours (ie, L-L'-500). 10. Again, suppose that both Home and Foreign move from autarky to a free-trade regime and that the trade price...
HUIL U Lonlenes coursework Unit 6 - International Economics Globalization, Trade and Finan Quiz: Globalization, Trade...
HUIL U Lonlenes coursework Unit 6 - International Economics Globalization, Trade and Finan Quiz: Globalization, Trade and Finance Globalization, Trade and Finance Progress You are on question 4 of 7 Select all correct answers The WTO is an organization that can tame the political influence that an industry may exert on trade laws O resolves trade disputes between nations O resolves criminal cases between nations Previous Next Globalization, Trade and Finance Progress You are on question 2 of 7 When...
Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between...
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...
characteristic that tends to affect the probability of trade existing 6) According to the gravity model, a characteri b...
characteristic that tends to affect the probability of trade existing 6) According to the gravity model, a characteri between any two countries is A) their cultural affinity. B) the average weight/value of their traded goods. C) their colonial-historical ties. D) the distance between them. E) the number of different product varieties produ of different product varieties produced by their industries. 7) Why does the gravity model work? A) Large economies became large because they wer B) Large economies have relatively...
O They allow companies to achieve economies of scale. D Question 11 1 pts Which of the following is a false statement? O A developing nation can gain from international trade because it subjects its producers to greater competition. A developing nation will lose in international trade because it subjects its producers to greater competition. O A developing nation can gain from international trade because it can take advantage of increasing returns to scale due to being able to produce...
this is autarky?
Answer questions 1 and 10 based on a global economy of two Ricardian economies (Home, Foreign) whose industry technologies are given in the following table: Product aLx 0.5 aLY = 1 Foreign a*x = 0.5 aLY Table 1: Labor hours per unit of outputs Each of these two economies is endowed with 500 labor hours (ie, L-L'-500). 10. Again, suppose that both Home and Foreign move from autarky to a free-trade regime and that the trade price...
HUIL U Lonlenes coursework Unit 6 - International Economics Globalization, Trade and Finan Quiz: Globalization, Trade and Finance Globalization, Trade and Finance Progress You are on question 4 of 7 Select all correct answers The WTO is an organization that can tame the political influence that an industry may exert on trade laws O resolves trade disputes between nations O resolves criminal cases between nations Previous Next Globalization, Trade and Finance Progress You are on question 2 of 7 When...
characteristic that tends to affect the probability of trade existing 6) According to the gravity model, a characteri between any two countries is A) their cultural affinity. B) the average weight/value of their traded goods. C) their colonial-historical ties. D) the distance between them. E) the number of different product varieties produ of different product varieties produced by their industries. 7) Why does the gravity model work? A) Large economies became large because they wer B) Large economies have relatively...
Most questions answered within 3 hours.
-
Suppose that XX is a random variable with mean 16 and standard
deviation 5 . Also...
asked 39 minutes ago -
Calculate the number density of argon gas at a temperature of
24C and a pressure of...
asked 3 hours ago -
Alternative
Classification
How to Estimate
Probabilities from Data? ( For continuous Attributes)
And How to generate...
asked 3 hours ago -
An explosion breaks a 20.0-kg object into three parts. The
object is initially moving at a...
asked 4 hours ago -
Calculate the approximate number of residues of Rubisco, which
is involved in carbon fixation in plants,...
asked 5 hours ago -
Other decisions about scientific claims can have a much broader
impact.ENERGYarrow-10x10.png, environment, health, security - all...
asked 6 hours ago -
I need to write a research paper and work cited about this
topic: The United States...
asked 7 hours ago -
Hello! I was wondering if I could have some help?
If the vapor pressure of carvone...
asked 7 hours ago -
An economist wants to estimate the mean per capita income (in
thousands of dollars) for a...
asked 7 hours ago -
What would be the input/output characteristic of a circuit
obtained by putting two of your 2's-complementers...
asked 7 hours ago -
In Drosophila, the transition from the syncytial blastoderm
stage to the cellular blastoderm stage is a...
asked 8 hours ago -
Project management question:
Name 3 different types of resources (hint: humans are one
type)
asked 8 hours ago