The pattern of trade in final goods between two countries

Assignment Help Business Law and Ethics
Reference no: EM131210898

The world consists of two countries. One country (call it Hiland) has a strong legal system for contract enforcement, and the other country (call it Loland) has a legal system in which enforcement of contracts is uncertain, slow, and costly.

In other basic ways the two countries are quite similar. For some final-goods industries, key material inputs into production are obtained on spot markets, using short-lived purchasing agreements.

For other final-goods industries, key material inputs into production are best obtained through complicated, longer-term contracts to assure steady availability of the inputs. What do you predict about the pattern of trade in final goods between these two countries? Why?

Reference no: EM131210898

Questions Cloud

Monthly mortgage payments of at least : The mean monthly mortgage paid by all home owners in a city is $1260 with a standard deviation of $140. Using Chebyshev's theorem, find the interval [L, U], that contains monthly mortgage payments of at least 90% of all home owners.
Show the index after inserting an entry with hash value 4 : Find a list of entries whose insertion into the original index would lead to a bucket with two overflow pages. Use as few entries as possible to accomplish this. What is the maximum number of entries that can be inserted into this bucket before a ..
Calculate the sample-population standard deviation : 1. Find the standard deviation for this set of data to the nearest hundredth. 2. Did you calculate the sample or population standard deviation? 3. How many hotels have ratings that fall within one standard deviation of the mean?
Identify the functions of the lymphatic system : Identify the function(s) of the lymphatic system. Identify one difference and one similarity between the cardiovascular and lymphatic systems. Post your answer in the appropriate topic.
The pattern of trade in final goods between two countries : For other final-goods industries, key material inputs into production are best obtained through complicated, longer-term contracts to assure steady availability of the inputs. What do you predict about the pattern of trade in final goods between t..
What would you suggest the university do to expand revenue : Under what conditions will revenue (a) rise, (b) fall, or (c) remain the same? Explain this process, focusing on the relationship between the increased revenue from students enrolling at NSU despite the higher tuition and the lost revenue from pos..
Create a journal article critique for the given article : Create a Journal Article Critique for the article. The directions and questions to think about while creating the critique. Please make sure the journal article critique is 2-3 pages in length (not including the title, or reference page).
Probability that a professor selected at random works : The amount of time university professors devote to their jobs per week is normally distributed with a mean of 52 hours and a standard deviation of 6 hours. 1. What is the probability that a professor selected at random works for more than 52 hours ..
Estimate the bearing angle of the acoustic source : ECE 148 Signal Processing Applications Assignment - Estimation of Range and Bearing Angle. A passive detection system consists of two acoustic receivers. The separation between the receivers is 2.5 meters. Estimate the bearing angle of the acoustic s..

Reviews

Write a Review

 

Business Law and Ethics Questions & Answers

  Discuss the various dynamics of providing security

On the national front, terrorist activities have centered on abortion and environmental issues among others, including political and religious. You will explore and discuss the various dynamics of providing security in different settings

  Summarize the sarbanes-oxley of 2002

Summarize the Sarbanes-Oxley of 2002 as it relates to U.S. business operations. Explain the governance principles of regulatory compliance requirements related to Sarbanes-Oxley.

  Support your application assignment with specific

outline the local law you selected by listing the elements results and expectations of the local law. refer back to

  Define what jcaho is and how the organization is important

define what jcaho is and how the organization is important in health care. using the internet as your resource research

  What are the components of the criminal justice system how

what are the components of the criminal justice system? how do the components impact the overall process of the

  Discuss the rights of all the parties

Stanley and Garcia were both minors. Stanley bought Garcia's baseball card collection for $1,000. Stanley then sold the collection to American Collectors Company for $1,500, saying he was 22 and it was his collection. Two weeks later, Garcia decid..

  What is the primary function of the world bank

How do the roles of the IMF and the BIS differ? - How are they similar? What is the primary function of the World Bank?

  Business problem that you regard

From your own experience, identify a business problem that you regard as being of ethical importance. State why it is an ethical problem by identifying its impact on various stakeholders and then explain what actually happened using the appropriate n..

  How should the court rule on wade pretrial motions

How should the court rule on Wade's pretrial motions to exclude his statement to Officer Luthor at the scene of the arrest, the identification of Wade by Mettler at the police station, as well as the purse seized from Wade's car

  Legal relationships between landlords and tenants

Discern the legal relationships between landlords and tenants. Ann leases an office in Ted's building for a one-year term. At the end of the period specified in the lease, the lease ends without notice, and possession of the office returns to Ted

  What type of legal proceedings could she expect

How would your friend's theft be dealt with under the law in this country? What type of legal proceedings could she expect? What type of punishment might be applied

  Advantages and disadvantages of incorporating

What (if any) ramifications does this have for Mr. Shifty, assuming that ASIC's records show that Mr. Shifty has, over the last nine months, had a similar track record with two other small, proprietary companies?

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!

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