Q: Specific-Factors vs. Heckscher Ohlin Models (a) Why does the industry of employment matter in the...
Q: Specific-Factors vs. Heckscher Ohlin Models
(a) Why does the industry of employment matter in the Specific Factors model, yet not in the Heckscher-Ohlin model?
(b) Think about an extension of the specific-factors model in which in addition to their wage, labour also earns some part of the rental on specific factor in their industry. How does this addition of employment change the Specific Factors model?
Homework Answers
The indusry of employment matter in specific factor model because in this specific factors cannot move. They are limited to kne industry example skilled workers etc. So the employment would be such that cureent workeers are satisfied and productivity is also more. But in hecksher-ohlin model the labour is assumed to be mobile. They can freely move.
B) This addition would mean that labour will earn more apart from the wages. This will change the specific factor model as the basic assumption is that labour does not go from one place to another. But earning more will lead to loss of immobility of factors of production.
Add Answer to:
Q: Specific-Factors vs. Heckscher Ohlin Models (a) Why does the industry of employment matter in the...
Think about an extension of the specific-factors model, in which, in addition to their wage, labour...
Think about an extension of the specific-factors model, in which, in addition to their wage, labour also earns some part of the rental on specific factor in their industry, i.e., farmers who own their own land and manufacturing workers who salary includes a profit-based bonus. Discuss how this extension affects the conclusion of the model. *This is not about the regular ambiguous nature of the mobile factor. The question is asking if labour was earning income from capital as well...
Part I. Heckscher-Ohlin Model and Stolper-Samuelson theorem Suppose that there are drastic technological improvements in shoe...
Part I. Heckscher-Ohlin Model and Stolper-Samuelson theorem Suppose that there are drastic technological improvements in shoe production at Home such that shoe factories can operate almost completely with computer-aided machines. Consider the following data for the Home country 1. Computers: Sales revenue Pc X Qc-100 Payments to labor = w × LC-50 Payments to capital - Kc R 50 Percentage increase in the price-pe_0% Sales revenue Ps X Qs-100 Payments to labor -WxLS-5 Payments to capital -Ks x R 95...
Specific Factor Model 3. Specific factor model a. Why is the specific-factors model referred to as...
Specific Factor Model
3. Specific factor model a. Why is the specific-factors model referred to as a short run model? b. An economy can produce good 1 using labour and captal and good 2 using labour and land. The total supply of labour is 100 units. Given the supply of capital, the output of the two goods depend on labour input as follows: Labor Input to GoodI Labor Input to Good 2 Output of Good 2 0.0 39.8 52.5 61.8...
Why does an under-the-radar cross-border marketplace sponsor the Los Angeles Lakers and boxing events and do...
Why does an under-the-radar cross-border marketplace sponsor the Los Angeles Lakers and boxing events and do advertising when an NBA superstar decides to leave the city of Toronto? Wish, the San Francisco based e-commerce marketplace, is an outlier and also a pioneer. Wish offers consumers a marketplace that links brands and manufacturers with global consumers. Wish, previously called Context Logic, was started by Peter Szulczewski and Danny Zhang and provides consumers with access to low-cost products. The caveat is that...
Q General Motors in China In November 2018, General Motors, America's largest home-grown auto- mobile manufacturer,...
Q General Motors in China In November 2018, General Motors, America's largest home-grown auto- mobile manufacturer, announced it would close three assembly plants in the United States, laying off about 5.600 employees. All of these plants made passenger cars that had fallen out of favor with U.S. consumers. who preferred to purchase sports util- ity vehicles and pick-up trucks. Jvdwort/123RF President Donald Trump, who has made the revival of traditional U.S. manufacturing industries one of his major goals, quickly tweeted...
Read the article, more specifically the abstract, introduction, discussion and conlcusion and summarize those specific sections...
Read the article, more specifically the abstract,
introduction, discussion and conlcusion and summarize those
specific sections in a paragraph or two.
INTRODUCTION
With the increase in recreational and competitive cycling,
cyclists are experiencing more overuse inju- ries related to
repetitive loading.Both intrinsic and extrinsic factors contribute
to injury. Intrinsic fac- tors are inherent to the cyclist and
include fitness level as well as anatomical alignment of the lower
extremities. Extrinsic factors are generally asso- ciated with
factors external to the...
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...
What an Executive Summary Is An executive summary is a specific type of document that does...
What an Executive Summary Is
An executive summary is a specific type of document that does
two things: it summarizes a research article, and it offers
recommendations as to how information from the article can be
used.
Some long reports can contain an executive summary section, as
indicated in the Pearson handbook.
Write a 2 pahe Executive Summary
In business contexts, an executive summary is always written
for a specific purpose: to explain the information in the article
to a...
Mort Moore founded Moore Plumbing Supply after returning from duty in the South Pacific during World...
Mort Moore founded Moore Plumbing Supply after returning from duty in the South Pacific during World War II. Before joining the armed forces, he had worked for a locally owned plumbing company and wanted to continue with that type of work once the war effort was over. Shortly after returning to his hometown of Minneapolis, Minnesota, he became aware of an unprecedented construction boom. Returning soldiersneeded new housing as they started families and readjusted to civilian life. Mort felt that...
QUESTION 1: Why must project manager should have good technical skills but also good management skills?...
QUESTION 1: Why must project manager should have good technical skills but also good management skills? QUESTION 2: **Communication and Communicator are related" This quote from the text suppose that the communication process is lead by the spokeperson. Do you think is it a gift" to be a good communicator or a skill to improve ( use example of your knowledge to answer)? QUESTION 3: Look at the text paragraph yellow highlighted, and do you think that in today's world...
Part I. Heckscher-Ohlin Model and Stolper-Samuelson theorem Suppose that there are drastic technological improvements in shoe production at Home such that shoe factories can operate almost completely with computer-aided machines. Consider the following data for the Home country 1. Computers: Sales revenue Pc X Qc-100 Payments to labor = w × LC-50 Payments to capital - Kc R 50 Percentage increase in the price-pe_0% Sales revenue Ps X Qs-100 Payments to labor -WxLS-5 Payments to capital -Ks x R 95...
Specific Factor Model
3. Specific factor model a. Why is the specific-factors model referred to as a short run model? b. An economy can produce good 1 using labour and captal and good 2 using labour and land. The total supply of labour is 100 units. Given the supply of capital, the output of the two goods depend on labour input as follows: Labor Input to GoodI Labor Input to Good 2 Output of Good 2 0.0 39.8 52.5 61.8...
Q General Motors in China In November 2018, General Motors, America's largest home-grown auto- mobile manufacturer, announced it would close three assembly plants in the United States, laying off about 5.600 employees. All of these plants made passenger cars that had fallen out of favor with U.S. consumers. who preferred to purchase sports util- ity vehicles and pick-up trucks. Jvdwort/123RF President Donald Trump, who has made the revival of traditional U.S. manufacturing industries one of his major goals, quickly tweeted...
Read the article, more specifically the abstract,
introduction, discussion and conlcusion and summarize those
specific sections in a paragraph or two.
INTRODUCTION
With the increase in recreational and competitive cycling,
cyclists are experiencing more overuse inju- ries related to
repetitive loading.Both intrinsic and extrinsic factors contribute
to injury. Intrinsic fac- tors are inherent to the cyclist and
include fitness level as well as anatomical alignment of the lower
extremities. Extrinsic factors are generally asso- ciated with
factors external to the...
What an Executive Summary Is
An executive summary is a specific type of document that does
two things: it summarizes a research article, and it offers
recommendations as to how information from the article can be
used.
Some long reports can contain an executive summary section, as
indicated in the Pearson handbook.
Write a 2 pahe Executive Summary
In business contexts, an executive summary is always written
for a specific purpose: to explain the information in the article
to a...
QUESTION 1: Why must project manager should have good technical skills but also good management skills? QUESTION 2: **Communication and Communicator are related" This quote from the text suppose that the communication process is lead by the spokeperson. Do you think is it a gift" to be a good communicator or a skill to improve ( use example of your knowledge to answer)? QUESTION 3: Look at the text paragraph yellow highlighted, and do you think that in today's world...
Most questions answered within 3 hours.
-
5. Discuss the use of fault tree analysis (FTA) for risk
assessment (maximum one paragraph).
asked 49 minutes ago -
Given that a sample of aluminium oxide has a Young's modulus of
393 GPa and a...
asked 2 hours ago -
At a certain temperature, the equilibrium constant, Kc, for this
reaction is 53.3.
H2(g)+I2(g)−⇀↽−2HI(g)Kc=53.3
At this...
asked 3 hours ago -
Question1 ) The STL provides similiar classes called stack and
queue, both of which gave functions...
asked 4 hours ago -
For Questions 1-4, assume you have 5 bits available:
1. For (positive) integers: What is the...
asked 4 hours ago -
convert grams into vloume with the density of water being at
.997514 g/cm^3 at 23.1 Celsuis...
asked 6 hours ago -
Foreman company obtained a $20,000, 6% loan on May 1, 2018.
Principal and interest will be...
asked 6 hours ago -
5. Problem 11.05 (Discounted Payback)
eBook
Project L costs $60,000, its expected cash inflows are $14,000
per...
asked 7 hours ago -
1. Which of the following is true about politics and health
organizations?
A. Health organizations are...
asked 7 hours ago -
A space vehicle is coasting at a constant velocity of 18.1 m/s
in the +y direction...
asked 8 hours ago -
5) Use the following balanced equation to answer questions
(a)-(i).
3 Cu(s) + 8 HNO3(aq) →...
asked 8 hours ago -
A three-year maturity bond with a 12% annual coupon rate is
currently traded at par $1000...
asked 8 hours ago