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1. In a day of production, companies in Angola can manufacture 200 liters of oil or 100 kilograms of tungsten. companies in Namibia can produce 160 liters of oil or 60 kilograms of tungsten. Which country has an comparative advantage in the production of tungsten?a. Both countries are equally advantageous in production.b. Neither country has an advantage in production.c. Angola has the comparative advantage.d. Namibia has the comparative advantage.
2. In a day production, firms in Israel can produce 77 microprocessors or 24 ballistic missiles. Firms in the United States can produce 88 microprocessors or 14 ballistic missiles. Which country has the absolute advantage in the production of ballistic missles?a. Both countries are equally advantageous in production.b. Neither country has an advantage in production.c. The United States has the absolute advantage.d. Israel has the absolute advantage.
In 1996, Kodak paid a cash dividend of $1.60 a share. At year-end 1996, Kodak shares were trading at about $80 each share. In 1997 and 2001, Kodak paid $1.76, & in 2002 increased its dividend to $1.80.
Suppose you have been assigned the task of making the process for the selection, establishment and facilitation and evaluation parameters for a global team that will consist of a representing member from every nation VRI currently does business.
The European Union has heavily sheltered its farm sector through import duties; in addition, Union subsidizes its exports of agricultural items. If cropland is regarded as a factor of production.
Using demand and supply analysis, answer the questions. Determine the effects on the exchange rate between the British pound and the Japanese yen from:
As the United State dollar appreciates in value relative to the Japanese Yen, what happens to the price of United State goods in Japan? What happens to the price of Japanese goods in United State?
Determine what does the Stolper-Samuelson theorem suggest in case of a country being opened to international trade?
Discuss the role of financial systems in promoting economic development and define microfinance? Discuss in detail its potentials and limitations for reducing poverty and spurring grassroots development in LDC?
Describe the economic cost of most international trade less than economic benefit of that trade for both the firms and nations involved using trade and comparative advantage economic theories.
A company that produces T-shirts and sells its items in a perfectly competitive market. The manager forecasts the wholesale value of T-shirts next year to be $7.00.
Determine the effects of one country pursuing expansionary fiscal policy and tight monetary policy?
Assume that nominal interest rate on 3-month Treasury bills is 8 percent in the United States and 6 percent in the U.K., and the rate of inflation is 10% in the United States and 4% in the U.K.
Define Phillips curve suppose the economy's aggregate supply curve is stable, how would an increase in aggregate demand affect the unemployment rate and the inflation rate?
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