How would you respond to jones

Assignment Help Microeconomics

Reference no: EM132177948

Question: 1. If the production conditions in the United States and Japan were to become essentially the same, would the neoclassical model suggest that trade between the two countries would cease? Why or why not?

2. Ms. Jones, one of your neighbors, spends the majority of her income on food. She complains to you that, after your country became more open to trade and began exporting a variety of food products, her real income was reduced. She therefore maintains that the country has obviously been hurt by the new, expanded trade and that trade restrictions should be imposed. How would you respond to Ms. Jones?

3. (Requires appendix material) "If trade should cause income distribution to change such that there was a shift in the indifference map, it would be impossible to reach a conclusion regarding any possible gains from international trade." Discuss.

Reference no: EM132177948

Questions Cloud

Discuss several economic events for given condition : Discuss several economic events that would increase a country's willingness to trade. Assume that demand increases for a country's export good.

What are ways that a company could protect : What are ways that a company could protect itself from DNS rebinding?

Determine two major employment laws : Compare and contrast the three (3) major compensation models and suggest which model you think would be most effective in creating a pay structure.

Does such a relationship always have to be mandatory : Give an example of a 1(full):1 relationship? Does such a relationship always have to be mandatory? Explain with examples.

How would you respond to jones : Ms. Jones, one of your neighbors, spends the majority of her income on food. She complains to you that, after your country became more open to trade and began.

Full transfer rate of these interfaces : If you did want to take advantage of the full transfer rate of these interfaces, it would be better to use a solid-state drive (SSD) rather than a hard drive.

Effective leadership in the implementation of policy : How critical is effective leadership in the implementation of a policy?

What are the purpose of using some version of imap : What are the purpose of using some version of IMAP, SMTP and POP protocols that are involved in setting up an email client/server system.

Provide an argument for the success of the strategies : Discussion - Provide an argument for the success of the strategies that a fast-food franchise has instituted. Submit your position by posting

User Account

All Pages