Homework Answers
Answer:1
Yes it is possible for growth in the scarce factor to lead to an expansion of trade in a large country. If there is growth in scarce factors and country uses them optimally it will increase the production which can fulfill the demand of the people and even can lead to trade.
Answer: 2
No the migration of highly skilled labour from a developing country to the united states will have the different trade impact as the migration of less – skilled production workers because the labour productivity is different for the skilled and unskilled labor so their contribution in the production and the economy will be different from each other.
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Is it possible for growth in the scarce factor to lead to an expansion of trade...
Suppose that the United States and Canada have the factor United States Canada endowments in the...
Suppose that the United States and Canada have the factor United States Canada endowments in the table to the right. Suppose further that the production requirements for a unit of cement are 3 machines and 12 workers, and the requirement for a unit of bread is 2 Capital 75 machines 45 machines Labor 225 workers 90 workers machines and 11 workers. After trade commences between the United States and Canada, it will be the case that the return to capital...
portfolio/direct 5. Economic growth and public policy Suppose Yamahonda, a Japanese-owned motorcycle manufacturer, builds a production...
portfolio/direct
5. Economic growth and public policy Suppose Yamahonda, a Japanese-owned motorcycle manufacturer, builds a production plant in Alabama. This is an example of foreign investment in the United States. Which of the following policies are consistent with the goal of increasing productivity and growth in developing countries? Check all that apply. Pursuing inward-oriented policies Increasing taxes on income from savings U Providing tax breaks and patents for firms that pursue research and development in health and sciences Protecting property...
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...
Question 40 (2.5 points) Trade occurs because of in the availability of factor inputs across countries...
Question 40 (2.5 points) Trade occurs because of in the availability of factor inputs across countries and the differences in the proportions of those factors that are used in producing different goods. Trade causes in the export-oriented sector and in the import-competing sector. differences; expansion; contraction similarities; expansion; contraction similarities; contraction; expansion differences; contraction; expansion Question 41 (2.5 points) Use the following information to answer question below Assume the standard trade model with two countries (Alpha and Beta), two goods...
16. A nation engaging in trade according to the Ricardian model will find its consumption bundle:...
16. A nation engaging in trade according to the Ricardian model will find its consumption bundle: A) inside its production possibilities frontier. B) on its production possibilities frontier. C) outside its production possibilities frontier. D) inside its trade-partner's production possibilities frontier. E) on its trade-partner's production possibilities frontier. . Assume that labor is the only factor of production and that wages in the United States equal $20 per hour while wages in Japan are $10 per hour. Production costs would...
6. International joint ventures Which of the following statements about joint ventures are true? Check all th...
6. International joint ventures Which of the following statements about joint ventures are true? Check all that apply. A joint venture may suffer from the problem of two masters." Dividing joint-venture ownership equally prevents deadlocks in decision making Joint ventures lessen the distinction between local and foreign production. A new joint venture creates welfare gains when it yields previously unattainable cost reductions. The following graph shows labor markets in the United States and Mexico. The horizontal axis denotes the total...
Please solve the final answer for all following 10 multiple choice questions Which argument does not refer to Preferential Trade Agreements (PTAs)? O PTA reduces trade barriers among members but dis...
Please solve the final answer for all following 10 multiple choice questions Which argument does not refer to Preferential Trade Agreements (PTAs)? O PTA reduces trade barriers among members but discriminate against non-member countries O PTA promotes regionalism and is as such against the idea of multilateralism in trade O Some people view that the formation of regional trade agreements (RTAs) undermine the WTO O PTA encourages regionalism and it is harmful since it leads to trade diversion O All...
45. Assume that a country currently has a trade surplus. If that country experiences an expansion...
45. Assume that a country currently has a trade surplus. If that country experiences an expansion in economic activity, what would we expect to happen to the trade surplus? Exports tend to be lower during this time, which increases the trade surplus. Nothing, because expansions do not impact the trade surplus. Exports tend to be higher during this time, which decreases the trade surplus. Imports tend to be lower during this time, which increases the trade surplus. Imports tend to...
17) Assume that labor is the only factor of production and that wages in the U...
17) Assume that labor is the only factor of production and that wages in the U hour while wages in Japan s the only factor of production and that wages in the United States equal $20 per UUE WHITE wages in Japan are S10 per hour. Protein costs would be lower in the United St compared to Japan if A) U.S. labor productivity equaled 40 units per hour and Japan's 15 units per mon B) U.S. Tabor productivity equaled 30...
In 2018, U.S. President Donald Trump argued that his country's trade agreements with other countries were...
In 2018, U.S. President Donald Trump argued that his country's trade agreements with other countries were bad for the United States and were unfairly benefiting America's trading partners. What does the theory of the gains from trade have to say about such arguments? In general, the basic theory of the gains from trade O A. suggests that free international trade leads increased consumption possibilities for all countries involved (as long as there are differences in opportunity costs). Free trade cannot...
Suppose that the United States and Canada have the factor United States Canada endowments in the table to the right. Suppose further that the production requirements for a unit of cement are 3 machines and 12 workers, and the requirement for a unit of bread is 2 Capital 75 machines 45 machines Labor 225 workers 90 workers machines and 11 workers. After trade commences between the United States and Canada, it will be the case that the return to capital...
portfolio/direct
5. Economic growth and public policy Suppose Yamahonda, a Japanese-owned motorcycle manufacturer, builds a production plant in Alabama. This is an example of foreign investment in the United States. Which of the following policies are consistent with the goal of increasing productivity and growth in developing countries? Check all that apply. Pursuing inward-oriented policies Increasing taxes on income from savings U Providing tax breaks and patents for firms that pursue research and development in health and sciences Protecting property...
Question 40 (2.5 points) Trade occurs because of in the availability of factor inputs across countries and the differences in the proportions of those factors that are used in producing different goods. Trade causes in the export-oriented sector and in the import-competing sector. differences; expansion; contraction similarities; expansion; contraction similarities; contraction; expansion differences; contraction; expansion Question 41 (2.5 points) Use the following information to answer question below Assume the standard trade model with two countries (Alpha and Beta), two goods...
16. A nation engaging in trade according to the Ricardian model will find its consumption bundle: A) inside its production possibilities frontier. B) on its production possibilities frontier. C) outside its production possibilities frontier. D) inside its trade-partner's production possibilities frontier. E) on its trade-partner's production possibilities frontier. . Assume that labor is the only factor of production and that wages in the United States equal $20 per hour while wages in Japan are $10 per hour. Production costs would...
6. International joint ventures Which of the following statements about joint ventures are true? Check all that apply. A joint venture may suffer from the problem of two masters." Dividing joint-venture ownership equally prevents deadlocks in decision making Joint ventures lessen the distinction between local and foreign production. A new joint venture creates welfare gains when it yields previously unattainable cost reductions. The following graph shows labor markets in the United States and Mexico. The horizontal axis denotes the total...
17) Assume that labor is the only factor of production and that wages in the U hour while wages in Japan s the only factor of production and that wages in the United States equal $20 per UUE WHITE wages in Japan are S10 per hour. Protein costs would be lower in the United St compared to Japan if A) U.S. labor productivity equaled 40 units per hour and Japan's 15 units per mon B) U.S. Tabor productivity equaled 30...
In 2018, U.S. President Donald Trump argued that his country's trade agreements with other countries were bad for the United States and were unfairly benefiting America's trading partners. What does the theory of the gains from trade have to say about such arguments? In general, the basic theory of the gains from trade O A. suggests that free international trade leads increased consumption possibilities for all countries involved (as long as there are differences in opportunity costs). Free trade cannot...
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