Why is there intra-industry trade between similar countries? Countries tend to make poor trade decisions There...
Why is there intra-industry trade between similar countries?
Countries tend to make poor trade decisions
There is no evidence of intra-industry trade
Division of labor allows unique innovation
Due to the prevalence of tariffs
Homework Answers
There is intra-industry trade between similar countries because
-Division of labor allows unique innovation
which increases specialization and gives a comparative advantage
option(C)
Add Answer to:
Why is there intra-industry trade between similar countries?
Countries tend to make poor trade decisions
There...
. Why similar countries trade Aa Aa Consider two hypothetical countries called Cassvania and Koopmansville. The...
. Why similar countries trade Aa Aa Consider two hypothetical countries called Cassvania and Koopmansville. The countries have similar resource endowments and production technology, and yet they specialize and trade with each other. Read the following details and determine why international trade is possible between these two countries. Koopmansville has many natural lakes and streams. As a result, its residents grow up on the water and have a natural sense of how boats should work and be made. Because of...
Part II. Short Essay eC048500 1. Discuss at least three reasons why we might expect countries to engage in intra-in...
Part II. Short Essay eC048500 1. Discuss at least three reasons why we might expect countries to engage in intra-industry trade. 2. What would the Linder theory suggest about the prospects of developing countries in exporting goods to developed countries? Do you think that this is a realistic suggestion? Why or why not? Page 1 3. Distinguish between the external return to scale and internal return to scale. How does the new trade theory of economic returns to scale differ...
1.The following statements about intra-industry trade are true, except one. Which one? a. It reflects the...
1.The following statements about intra-industry trade
are true, except one. Which one?
a. It reflects the trade in similar goods between countries.
b. It results from economies of scale.
c. It results from comparative advantage.
d. It does not affect income distribution as much as
inter-industry trade.
2.Consider the following diagram. P is the autarky
production point, and C is the free trade consumption point.
P1 represents autarky prices and P2
represents free-trade prices.
In this case, the autarky consumption...
write the question number next to its answer Japan and India are countries that trade with...
write the question number next to its answer
Japan and India are countries that trade with each other. If Japan has a comparative advantage in televisions and India has a comparative advantage i clothing, which of the following is a correct statement about the effects of trade between these nations? O A. Japan will lose jobs in the television industry O B. Both countries are likely to be better off, and world production will increase. O C. There will be...
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...
Your help is greatly appreciated! falsu - CASE 12-32 Make or Buy Decisions; Volume Trade-Off Decisions...
Your help is greatly appreciated!
falsu - CASE 12-32 Make or Buy Decisions; Volume Trade-Off Decisions L012-1, L012-3, L012-5 TutStuff, Inc., sells a wide range of drums, bins, boxes, and other containers that are used in the chemical industry. One of the company's products is a heavy-duty corrosion-resistant metal drum. called the WVD drum, used to store toxic wastes. Production is constrained by the capacity of an automated welling machine that is used to make precision wek A Boo 2.000...
- CASE 12-32 Make or Buy Decisions; Volume Trade-Off Decisions L012-1, L012-3, L012-5 TufStuff, Inc., sells...
- CASE 12-32 Make or Buy Decisions; Volume Trade-Off Decisions L012-1, L012-3, L012-5 TufStuff, Inc., sells a wide range of drums, bins, boxes, and other containers that are used in the chemical industry. One of the company's products is a heavy-duty corrosion-resistant metal drum, called the WVD drum, used to store toxic wastes. Production is constrained by the capacity of an automated welding machine that is used to make presisi welds. A total of 2000 hours of weld- ing time...
You must participate in taking part in favor or against the stated P/C topic. It is...
You must participate in taking part in favor or against the stated P/C topic. It is important to post your opinions, insights, and concerns for this statement. Therefore, take the time to read each section carefully and write down those ideas that you may put on the discussion table. Be sure to write a minimum of one paragraph for each initial post. Should Nations Use Strategic Trade Policies? Point A strategic trade policy, or industrial policy, is one in which...
What are the differences between Apple production in the US and China? What would make production...
What are the differences between Apple production in the US and China? What would make production more feasible in the United States? Should Apple or other companies move more production to the US? A Tiny Screw Shows Why iPhones Won't Be 'Assembled in U.S.A.' A screw from the late 2013 model of the Mac Pro.CreditJames Nieves/The New York Times A screw from the late 2013 model of the Mac Pro.CreditCreditJames Nieves/The New York Times By Jack Nicas • Jan. 28,...
According to the article (pictured below), why are people in Shenzhen not worried about Trump's threat...
According to the article (pictured below), why are people in
Shenzhen not worried about Trump's threat of bringing back jobs
from China? Your answer should focus on the culture and
socialization in China.
SHENZHEN, China-U.S. President-elect Donald Trump's threat to compel Apple Inc. and others to manufacture more at home should strike fear into this Chinese megacity where many of the world's high-tech gadgets are made. Once a sleepy village, Shenzhen today is the sprawling epicenter of China's consumer-electronics industry,...
. Why similar countries trade Aa Aa Consider two hypothetical countries called Cassvania and Koopmansville. The countries have similar resource endowments and production technology, and yet they specialize and trade with each other. Read the following details and determine why international trade is possible between these two countries. Koopmansville has many natural lakes and streams. As a result, its residents grow up on the water and have a natural sense of how boats should work and be made. Because of...
Part II. Short Essay eC048500 1. Discuss at least three reasons why we might expect countries to engage in intra-industry trade. 2. What would the Linder theory suggest about the prospects of developing countries in exporting goods to developed countries? Do you think that this is a realistic suggestion? Why or why not? Page 1 3. Distinguish between the external return to scale and internal return to scale. How does the new trade theory of economic returns to scale differ...
1.The following statements about intra-industry trade
are true, except one. Which one?
a. It reflects the trade in similar goods between countries.
b. It results from economies of scale.
c. It results from comparative advantage.
d. It does not affect income distribution as much as
inter-industry trade.
2.Consider the following diagram. P is the autarky
production point, and C is the free trade consumption point.
P1 represents autarky prices and P2
represents free-trade prices.
In this case, the autarky consumption...
write the question number next to its answer
Japan and India are countries that trade with each other. If Japan has a comparative advantage in televisions and India has a comparative advantage i clothing, which of the following is a correct statement about the effects of trade between these nations? O A. Japan will lose jobs in the television industry O B. Both countries are likely to be better off, and world production will increase. O C. There will be...
Your help is greatly appreciated!
falsu - CASE 12-32 Make or Buy Decisions; Volume Trade-Off Decisions L012-1, L012-3, L012-5 TutStuff, Inc., sells a wide range of drums, bins, boxes, and other containers that are used in the chemical industry. One of the company's products is a heavy-duty corrosion-resistant metal drum. called the WVD drum, used to store toxic wastes. Production is constrained by the capacity of an automated welling machine that is used to make precision wek A Boo 2.000...
- CASE 12-32 Make or Buy Decisions; Volume Trade-Off Decisions L012-1, L012-3, L012-5 TufStuff, Inc., sells a wide range of drums, bins, boxes, and other containers that are used in the chemical industry. One of the company's products is a heavy-duty corrosion-resistant metal drum, called the WVD drum, used to store toxic wastes. Production is constrained by the capacity of an automated welding machine that is used to make presisi welds. A total of 2000 hours of weld- ing time...
According to the article (pictured below), why are people in
Shenzhen not worried about Trump's threat of bringing back jobs
from China? Your answer should focus on the culture and
socialization in China.
SHENZHEN, China-U.S. President-elect Donald Trump's threat to compel Apple Inc. and others to manufacture more at home should strike fear into this Chinese megacity where many of the world's high-tech gadgets are made. Once a sleepy village, Shenzhen today is the sprawling epicenter of China's consumer-electronics industry,...
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