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Suppose that France and Denmark both produce oil and olives. Frances's opportunity cost of producing a crate of olives is 4 barrels of oil, while Denmark's opportunity cost of producing a crate of olives is 7 barrels of oil.By comparing the opportunity cost of producing olives in the two countries, you can tell that _______has a comparative advantage in the production of olives and ______has a comparative advantage in the production of oil.
Suppose that France and Denmark consider trading olives and oil with each other. France can gain from specialization and trade as long as it receives more than _____ of oil for each crate of olives it exports to Denmark. Similarly, Denmark can gain from trade as long as it receives more than _____ of olives for each barrel of oil it exports to France.
Based on your answer to the last question, which of the following terms of trade (that is, price of olives in terms of oil) would allow both Denmark and France to gain from trade?
Discuss how does Heckscher-Ohlin theory differ from Ricardian theory in describing international trade patterns? The theory shows how trade affects distribution of income within trading partners.
Discuss the process of starting a new international bond issue to market and what should a borrower consider before issuing dual currency bonds?
One year ago, a United State investor converted dollars to yen and purchased one hundred shares of stock in a Japanese company at a price of 3,150 yen a share.
Assume that each United States worker can produce eight units of food or two units of clothing daily.
Calculate the price elasticities of demand in each market and discuss these in relation to the prices to be charged in each market.
The European Central Bank explicitly states that its long-run inflation traget is 2%. Assume that the Eurozone velocity growth is 2% amd the average growth rate of nominal GDP in Eurozone is 3%. What would you tell the European Central Bank to en..
If American consumers decrease their spending on imports but leave their overall consumption spending constant, "hence buying more locally made goods", with all other factors constant what would happen to America's current Account and why ?
Steel is labor intensive and rice is land intensive. According to the long run Heckscher-Ohlin model what happens when these two countries move frome no trade to free trade? Wages in France's rice industry? Wages in France's steel industry?
Suppose the spot exchange rate in dollars and yen is e=$1/100yen. The interest rate on a 6 months dollar denominated assets is i($)=1 percent and interest rate on comparable 6 months yen denominated assets
India`s population is expected to overtake that of China within the next decade, what differences between these two nations could have contributed to this outcome? What are some of differences between the population policies of China and India?
Specific business practices such as price discrimination are prohibited through the,
The widget industry in Anytown is a monopoly, controlled through Widget Corporation Its demand curve for the local market is given through
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