Discuss the theory of comparative advantage

Assignment Help Microeconomics
Reference no: EM131662330

Question: The theory of comparative advantage may be applied to a country's output. Although natural resources within a country may often provide the best opportunity for comparative advantage, certain countries are able to specialize in technology, labor, or other comparative advantage due to various factor endowments. Investigate an example of a comparative advantage of a country which is not a natural resource, and has been further augmented by additional investment in national infrastructure or education.

- Embed course material concepts, principles, and theories, which require supporting citations along with at least one scholarly, peer-reviewed reference in supporting your answer unless the discussion calls for more.Keep in mind that these scholarly references can be found in the Saudi Digital Library by conducting an advanced search specific to scholarly references.

- You need to reply to at least two peer discussion question post answers to this discussion question. These post replies need to be substantial and constructive in nature. They should add to the content of the post and evaluate/analyze that post answer. Normal course dialogue doesn't fulfill these two peer replies but is expected throughout the course. Answering all course questions is also required.

- It must be in APA style.

Reference no: EM131662330

Questions Cloud

Compute for c equals 4 through 8 : You roll two dice. Let A be the event that they land on the same number, and let B be the event that at least one lands on 6. What is P(B|A^c )?
Describe the function of the gallbladder as an accessory : Describe the function of the gallbladder as an accessory organ of digestion. cite sources in APA format
Difference between a permutation and a combination : What is the difference between a permutation and a combination? What are some practical examples of when you would use each?
Discuss considerations when balancing risks and burdens : Discuss considerations when balancing risks, burdens, and benefits of medical research. What is a goal of informed consent?
Discuss the theory of comparative advantage : The theory of comparative advantage may be applied to a country's output. Although natural resources within a country may often provide the best opportunity.
Model projectile motion : In physics a quadratic equation can be used to model projectile motion. Projectile motion can describe the movement of a baseball after it has been hit by a bat
What traits do you think leaders need to possess : In other words, what traits do you think leaders need to possess during these unstable times compared to leaders in a very stable environment?
Discuss individual diagnosed with inflammatory bowel disease : Prepare a teaching plan for an individual diagnosed with inflammatory bowel disease
What degree of project expertise : You are the project manager for a brand new smart phone. What degree of project expertise would you use to organize the team, and why did you choose it?

Reviews

Write a Review

Microeconomics Questions & Answers

  Competitors did not follow increase which non-collusive

in march 2002 american airlines implicitly increased the price for low-priced business tickets. competitors did not

  Banking system will cause an increase in the money supply

1.If the reserve requirement is 20 percent, and banks keep no excess reserves, an increase in an initial inflow of $100 into the banking system will cause an increase in the money supply of: $500 $20

  Currency denominations issued in a single financial center

Why might covered interest parity fail to hold when deposits issued in different financial centers are compared?

  Which jobs should you assign to your roommates

You just got a job in Washington, D.C. You move into an apartment with some acquaintances. All your roommates, however, are slackers and do not clean up.

  What is driving force creating growth in economy in model

Consider the difference between the New Classical and Keynesian model regarding macro policy. What is the driving force creating growth in the economy in each model Why does each one say that item creates growth Explain

  Assume quantity of labor-technological change are constant

What is the increase in output if the quantity of capital rises 30% (Assume the quantity of labor and technological change are constant)

  Rise to a triangular arbitrage opportunity

What is IFE? If the expected US one-year interest rate is 0.25%, expected UK one-year interest rate is 0.5%, use IFE to predict the expected pound spot rate in dollar one year from now.

  Compare and contrast bureaus and business firms

Political corruption is epidemic in Russia today. What effect does this have on the Russian economy?

  Long-term capital budgeting decisions

Outline a plan that managers in the low-calorie, frozen microwaveable food company could follow in anticipation of raising prices when selecting pricing strategies for making their products response to a change in price less elastic. Provide a ration..

  Which motor should be chosen

A special-purpose 30-horsepower electric motor has an efficiency of 90%. Its purchase and installation price is $2,200.

  Problem involves using supply and demand equations

Problem involves using supply and demand equations. Suppose the market is defined by Demand: Q = 20 - 2P

  What assumptions are required for the interval

Find a 95% con?dence interval for the difference between the population means of the FNE scores for bulimic and normal female students. Interpret the result.

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