User Account

All Pages

Explain difference of inter-industry and intraindustry trade

Assignment Help Microeconomics
Reference no: EM13871008

1. Can you think of any patterns of comparative advantage and trade in the world economy that might have some significant environmental impacts? What are they?

a. In your own words, please explain the difference between inter-industry and intra-industry trade.

b. How is the phenomenon of horizontal intra-industry trade related to product diversification?

Reference no: EM13871008

Questions Cloud

Characteristics of operation research : What are the characteristics of operation research
Generate a vector x of length : Problem: Using Matlab, generate a vector x of length 1,000,000 whose components are N (0, 1) random variables (use random command of Matlab).
Show the transition from autarky to trade in your diagram : Draw a diagram describing autarky and a pattern of absolute advantage for your example. Show the transition from autarky to trade in your diagram, label the trade flows, and demonstrate the gains from trade.
How does economic theory contribute to managerial decisions : How does economic theory contribute to managerial decisions - explain the law of demand. Briefly discuss the exception to the law of demand.
Explain difference of inter-industry and intraindustry trade : In your own words, please explain the difference between inter-industry and intra-industry trade. How is the phenomenon of horizontal intra-industry trade related to product diversification?
Gatrong to record the purchase of the bonds : Refer to the information in RE15 5. Prepare the journal entry on June 30 for Gatrong to record the first interest receipt, using the effective interest method. Round to the nearest dollar.
Identify and describe the brand : Identify and describe the brand. Give a brief description of their previous image as a brand. Thoroughtly escribe the rebanding that the company went through. Provide examples
Year end income statement and classified balance : Prepare the year-end Income Statement and classified Balance Sheet, using the formats presented in Exhibits 6.9 and 4.11. Calculate to one decimal place the inventory turnover ratio and days to sell, assuming that inventory was $ 500 on January 1 of ..
What is meant by nondiscrimination in international trade : What is meant by nondiscrimination in international trade agreements? Be as specific as you can. One criticism of the Agreement on Agriculture is that it involves something known as dirty tariffication.

Reviews

Write a Review

Microeconomics Questions & Answers

  Why do we call economics a scientific discipline

1. Why do we call economics a scientific discipline? Explain. 2. Why are "scarcity" and "choice" central to economics?

  Federal banking policy argue that deposit insurance

Critics of federal banking policy argue that deposit insurance is a key reason for banking failures. The banks enjoy a "heads I win, tails the government loses" proposition. Several possible reforms of deposit insurance have been suggested. For examp..

  Calculate the net cash flowsof each of the twoinvestments

Calculate the net cash flowsof each of the twoinvestments

  Put the house price myths out to pasture alan moran

IPA in the News - Put the house price myths out to pasture Alan Moran - The effect diminishes with distance and is minor in the upmarket suburbs. Escalating price levels are possible only where taxation or regulatory controls prevent supply adjustm..

  The price of consumption goods increases

Question 2. Suppose a worker has 112 hours a week, non-labor income of $150 a week, and a wage rate of $10/hour. Assume the price of consumption goods increases from $1 (implicitly assumed price) to $2. What is the effect of this increase on a..

  Discuss the marketing plan insights p&g has gained through

Discuss the marketing plan insights P&G has gained through its Vietnamese marketing studies

  Compute average product of labor and add itnbspto table

develop a table that you believe shows the explicit fixed costs of the bread factory and the total amount of the

  What is the market equilibrium and price

There exists 10,000 firms in a market each with MC curve MC=2q. Where Q = quantity of production (of the firm). Assume aggregate demand is 20,000 and independent of price. What is the market equilibrium and price?

  Economic technological revolution

Select 5-innovations associated with Industrial Revolution and five innovations from Technological Revolution. For each innovation, recognize the effects it had on individuals, societies, businesses, and politics.

  Diagram the demand and supply curves in price and quantity

the daily demand for hotel rooms on manhattan island in new york is given by the equationqd 250000 - 375p. the daily

  Calculate the equilibrium level of income or real gdp

Assume that the consumption of schedule for a private open economy is such that consumption C = 50 + 0.8Y. Assume further that planned investment Ig and net exports Xn are independent of the level of real GDP and constant at Ig = 30 and Xn = 10. Reca..

  Calculate the amount the firm would need to set aside

Calculate the amount the firm would need to set aside at the end of each year for the next ten years to cover the expected liability.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd