Lines of the discourse

Assignment Help Business Economics
Reference no: EM131833382

Suppose we have a two country, two good Ricardian model where country A can produce in an hour 500 bushels of wheat or 20 computers, whereas country B in the same hour can produce 800 bushels of wheat or 25 computers. Explain the implications in both countries from opening up to trade with each other in terms of comparative advantage, specialization, gains from trade (if any), along the lines of the discourse presented in any of the previous audio lectures. (To obtain points you need to be specific in terms of what will happen in each country and explaining why?)

Reference no: EM131833382

Questions Cloud

How the company formulate and implement strategy : How the company develops competitive advantage and compete effectively across industries and countries. What SWOT analysis can tell us about the company.
Explain how lauren could improve the efficiency : BUMGT1501 Management Principles Assignment Task: Case Study Report. Explain how Lauren could improve the efficiency and effectiveness in managing the enterprise
Why is complete specialization not analytically possible : Moving beyond the Ricardian model, why is complete specialization not analytically possible in a model that assumes multiple (or non-homogeneous) resources?
Explain intuitively why indifference curves as defined : Explain intuitively why indifference curves as defined, cannot cross. Further, why would an allocation where an indifference curve intersects the budget
Lines of the discourse : Suppose we have a two country, two good Ricardian model where country A can produce in an hour 500 bushels of wheat or 20 computers
Assess consequence of out-sourcing and offshoring for growth : Assess the consequences of out-sourcing and offshoring for growth, employment and skills in the industrialised economies.
Market in the long run : Do you expect that many ?rms will enter this market in the long run? Why or why not?
Earning interest at a compound annual rate : This account has been earning interest at a compound annual rate of 6%. What is its value today?
Draw the production possibility frontier for the farmer : Draw the production possibility frontier for the farmer and identify points that are attainable (possible), efficient, and unattainable(not possible)

Reviews

Write a Review

Business Economics Questions & Answers

  Calculate the present worth of the losses for all four years

A start-up internet service provider expects to lose money in each of the first four years. Losses are projected to be $50 million in year one, $40 million in year two, $30 million in year three and $5 million in year four. An interest rate of 10% pe..

  Issues of regressive and progressive taxation

How much income gets you into the top quartile or quintile. Discuss the issues of regressive, proportional, and progressive taxation.

  Show the equilibrium effects on consumption and hours worked

Show the equilibrium effects on consumption and hours worked of and increase in G of this type are ambiguous but that output increases.

  Compare the steady-state levels of output per worker

Consider two countries that are otherwise identical (have the same saving rates and depreciation rates), but the population of Country Large is 100 million, while the population of Country Small is 10 million. Use the Solow model with no technologica..

  What is approximate value of the price elasticity of supply

Suppose that an increase in the price of carrots from $1.30 to $1.80 per pound increases the quantity of carrots the carrot farmers produce from 1.2 million pounds to 1.6 million pounds. Using the midpoint method, what is the approximate value of the..

  How would you define the geographic

How would you define the geographic and product markets of large healthcare organizations such as Mayo Clinic, Cleveland Clinic, Kaiser Permanente, and John Hopkins? What are the barriers for new competitors to enter those markets?

  Demand for particular category of labor

Consider a labor market where the demand for a particular category of labor is given by the equation LD = 20 – 2W. Suppose that the supply curve of workers in this market who are also native-born citizens is given by LN = 2W,

  What is the value today of a security

What is the value today of a security that promises to pay $1,000 in one quarter, with payments increasing at 1% per quarter thereafter? Payments are made each quarter forever. Our opportunity cost of capital is 12% per annum.

  Disposal of the government to finance a fiscal deficit

Describe the options at the disposal of the government to finance a fiscal deficit. What are the relative advantages and disadvantages of each option?

  Concept of derived demand for factors of production

Explain (with the help of an example) the concept of derived demand for factors of production. The answer must be explain the concepts as if your explaining it to a person who have no knownlege with the subject.

  What sort of behavior might be encouraged by moral hazard

For each of the following kinds of insurance, explain briefly what sort of behavior might be encouraged by moral hazard:

  Qbond a is a premium bond with a 12 percent coupon bond b

q.bond a is a premium bond with a 12 percent coupon. bond b is a 4 percent coupon bond currently trading at a discount.

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