Hypothetical example of trade between the united states

Assignment Help Microeconomics
Reference no: EM13750254

Consider a hypothetical example of trade between the United States (a developed country) and Brazil (a developing country) is as follow
U.S. Exports ($b) to Brazil U.S. Imports ($b) from Brazil
Lotion & Powder 80 65
Perfume 70 120
Fragrance 100 70

Find:
a. the total trade ( TT) between the US and Brazil
b. the net trade (NT)
c. the intra industry trade (IIT)
d. the intra industry trade share 

Reference no: EM13750254

Questions Cloud

Write essay on rae action research report : Write essay on Rae Action Research Report-Briefly summarize the Action Research report by Rae D. Discuss one strength and one weakness of Rae's Action Research project
Why did the global financial crisis occur : Why did the Global Financial Crisis occur? How might a repeat of such a crisis be avoided?
Write essay on interpretive ar versus experimental survey : Write essay on Interpretive AR Versus Experimental Survey Research
Write essay on scientific merit action research template : Write essay on Scientific Merit Action Research Template
Hypothetical example of trade between the united states : Consider a hypothetical example of trade between the United States (a developed country) and Brazil (a developing country) is as followU.S. Exports ($b) to Brazil U.S. Imports ($b) from BrazilLotion & Powder 80 65Perfume 70 120
Which documents would be most useful in examing the origins : Which of the following documents would be most useful in examing the origins of constitutional government in america? Explain.
A material requirement planning chart : Create an Master Production Schedule and a Material Requirement Planning Chart
Prepare a report on pollution due to transport : Prepare a report on pollution due to transport in Oman and its environmental impact.
Write an essay on medieval evaluation : Write an essay on Medieval Evaluation. you will examine a piece of medieval art known as the Bayeux Tapestry. It is embroidery that is over 230 feet long.

Reviews

Write a Review

Microeconomics Questions & Answers

  How might the economy adjust

If a recessionary gap were to appear, how might the economy adjust? Can/should we rely on it to adjust itself? Is it possible that the economy will never adjust to a gap, and things will just get worse and worse?

  Mexico at the cost of 25 per pair and imports no shoes from

assume that canada imports 1 million pairs of shoes from china and none from mexico. a 50 tariff is added by canada so

  Analyze the most significant economic effects

Analyze the most significant economic effects of the researched issues on healthcare industry. Provide at least two (2) examples of these issues to support your response.

  What is the equilibrium real interest rate

What is the equilibrium levels of real output and what is the equilibrium real interest rate

  Can you tell from the available information which product

Can you tell from the available information which product will generate the most revenue? If yes, why? If not, what additional information do you need?

  Calculate the change in consumer surplus as a result

The market for Sugar beet is in equilibrium at P = $15 and Q = 229995. The price elasticity of demand is -1. The price elasticity of supply is 0.6. Now assume that the government imposes a quota which reduces supply to 183,996

  Write down the difference between explicit and

the following questions address some of the price and output decisions faced by firms other than those found in perfect

  Country x assigns 40 of its labor to vegetables while

country x can produce either 30 tons of vegetables or 30 tons of chicken. country y can produce either 20 tons of

  Determining optimal output level

Redstone Clayworks, Corporation is located in Sedona, Arizona and creates clay fire pits for patios. They are one of about two dozen companies around the world that produce and sell clay fire pits for retailers such as Home Depot Lowe's Front Gate

  Describe the current state of the economic factors

Describe the current state of the economic factors and analyze how unemployment affects aggregate supply and demand.

  Which country would expect to have a hier standard of living

suppose Arnor and Gondor are two very similar countries that started out with identical population, technologies, etc. except that Gondor has a much higher mortality rate due to a more hazardous geographical location.

  How should the firm allocate production

How should the firm allocate production?—How much should Factory #1 produce and how much should factory #2 produce?

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