Reference no: EM131389920
Need concrete numerical examples and in depth explanations.
Please answer the questions and give one or two examples for each. Explain in depth each theorem and the calculations needed and also give some examples.
1. Do you understand the difference between absolute and relative advantage and how it relates to the PPF Curve (IE where each are determined?)
2. Do you under which terms of trade will allow countries to benefit for trade and which will not?
3. Do you understand Stolper-Samuelson theorem, the Heckscher-Ohlin theorem, and Rybczynski theorem?
4. Do you understand the gravity model as it relates to the recent increase in East Asian trade?
5. Do you understand the winners and losers from trade in the Ricardian, Specific Factor, and Heckscher -Ohlin trade models?
6. Can you solve and analyze a Ricardian model algebraically/graphically and analytically including using RS and RD?
7. Can you explain this graph? Each of the points, the axis, the curves and the implications of opening up to labour migration
8. Discuss the state of globalization from 1880 to 2007.
9. Discuss the state of globalization post 2008 (since the Great Recession). How has the Economic profession's position of unconditional support for trade based on the principal of potential Pareto improvements ie (losers from trade can be potentially compensated) contributed to the rise of populism? As a result, have the opinions of Economists and other experts become more or less relevant to the political discourse. Is globalization and trade likely to expand in the near term? Defend your answer in terms of Brexit and the election of Donald Trump. Cite the additional slides from updated Chapter 2 and former Prime Minister Harper's video speech we watched in class as your answer.
https://www.economicpresence.com/paradox-found/prime-minister-harper-on-trump-income-inequality-globalization
What is the velocity of the satellite
: A 201.8 kg satellite is in a circular orbit of 22,000 miles (35,405,000 m) in radius. The force keeping the satellite in orbit is 49.6 N. What is the velocity (speed) of the satellite?
|
Find the parameters of a variable sampling plan
: Also, for those shipments that have an average octane number of 86, the probability of acceptance is desired to be 0.15. Find the parameters of a variable sampling plan.
|
How do our methods for dating and interpreting artifacts
: What were the consequences of the Code of Hammurabi for ancient society, and how does this system of justice compare to modern American laws? To explain your point, draw on information about how the Code of Hammurabi emerged, the overall theme, an..
|
Explain how your artifact is related to the universal idea
: Please be sure to carefully explain how your artifact is related to the universal idea. Do not merely provide a list of ideas and artifacts - your thought process and the connections you make between the artifact and idea are key here.
|
Difference between absolute and relative advantage
: Do you understand the difference between absolute and relative advantage and how it relates to the PPF Curve (IE where each are determined?) Do you under which terms of trade will allow countries to benefit for trade and which will not
|
Can the government correct market failures
: Can the government correct market failures? More specifically, discuss the approach/es that the current Chinese government has taken to dampen decreasing prices in the Chinese stock market. (has it been effective?)
|
What is the decision regarding the lot
: A random sample of 13 containers yielded an average fat content of 3.05 g. What is the decision regarding the lot? Demonstrate the use of Forms l and 2.
|
Recently conducted on the starting salary
: A study was recently conducted on the starting salary of college graduates in the United States. In a random sample of 651 college graduates, the average salary was $46,618. Based on the wage distribution in the U.S., we estimate that σ is $12,752. C..
|
Do you agree with the opening sentence of the article
: Do you agree with the opening sentence of this article? Why or why not? Do you think technology-mediated communication tools have a negative edge to them? Provide specific examples.
|