Explain theories of comparative advantage

Assignment Help International Economics
Reference no: EM1375212

2. How would each of the following theories of comparative advantage describe the fact that US exports computers?

a. Productivity differences
b. Factor abundance
c. Human Skills
d. Product life cycle
e. Preferences

13. Assume that the world value of kiwi fruit is $20 per case and the United States equilibrium price with no international trade is $35 per case. If the United States government had previously banned the import of kiwi fruit but then imposed a tariff of $5 per case and allowed kiwi imports, what would happen to the equilibrium price and quantity of kiwi fruit consumed in the United States?

 

Reference no: EM1375212

Questions Cloud

Illustrate what ways can design of a firm logistics : Illustrate what ways can design of a firm's logistics/supply chain network affect its ability to create value for customers through efficiency, effectiveness and differentiation.
Describe oligopoly pricing models : Other than economies of scale, what would you think to be fence to entry into a market? Are these fence the similar for all market structures and Describe three oligopoly pricing models
Explain how common sense can be helpful when it comes : Explain how common sense can be helpful when it comes to warehousing design and operations. There is no word count or limit.
Explain how will bunny wac structure likely need to change : Explain how will Bunny wac's structure likely need to change if it does begin developing its core battery technologies in-house.
Explain theories of comparative advantage : Assume that the world value of kiwi fruit is $20 per case and the United States equilibrium price with no international trade is $35 per case.
Given that an activity normal time and cost : Given that an activity's normal time and cost are ten days and $400 and its crash time and cost are 5days and $800, illustrate what is activity's slope.
Illustrate what are design and effective capacities shop : Manager has determined that if 2 additional barbers are hired, shop can accommodate 80 customers per day. Illustrate what are design and effective capacities for barber shop.
Illustrate what impact does policy : Illustrate what impact does policy (local, state, and/or federal) have on transportation. Explain how does policy affect a retailer in trying to get their product from a port to their retail store.
Illustrate what are determining factors that may lead : Illustrate what are determining factors that may lead to a decision to proceed with outsourcing. A gift shop sells 1000 boxes of scented candles a year.

Reviews

Write a Review

International Economics Questions & Answers

  Concept of return versus risk

In two paragraphs, explain the idea of "return versus risk" and describe how you would use it in selecting a new investment portfolio. Describe how and why you used this idea when you chose your original two stocks.

  Trade blocks impact on american business

As trade blocks continue to expand, what will be impact on American business, in terms of how businesses create value through integrating the production and distribution of goods, services, and information?

  Develop a framework for economic policy and issues

Suppose you are the Economic Advisor to the President of the U.S. Your task is to make a framework for economic policy and issues. During one of your briefing sessions in the White House,

  Breakdown of global trade negotiations

The G-20 issued a statement Saturday indicating creating nations we unlikely to back off their demands that created nations do away with subsides and tariff barriers from their farm products.

  Significant movement of workers from greece

In 2006 the hourly cost to workers per German industrial employee was $33. The hourly expense to employers per United States industrial employee was $23.65 while the average cost per Taiwanese industrial worker was $6.38.

  Determine new price of coffee beans

The table given below shows the values of two goods. Assume wheat is produced in the United State and coffee beans are produced in Kenya.

  Discussion on reducing protection

Describe some models that forecast the effect that reducing protection Tariffs will have on factor prices Labour and capital.

  Determinants of demand for coffee

Coffee is a commodity that is developed, processed and shipped all over world. Research coffee on Internet. Please examine and try to find information on the market for coffee to support answers.

  Exchange rate between the thai bath and the us dollar

Following the reduce in the demand for the Baht, has the Baht appreciated or depreciated in relation to the United State dollar?

  Calculating the opportunity cost

Assume that the Kiribati can manufacture 1000 tons of breadfruit or 500 tons of fish, and that Tuvalu can manufacture 750 tons of breadfruit or 1875 tons of fish.

  Money change example problem

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?

  Discuss differences between the usand czech cultures

Steve Kafka, an American of Czech origin and a franchisor for Chicago Style Pizza, has make decision to increase his business into the Czech Republic.

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