Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Scenario A:China and Japan can manufactures calculators and noodles using land and capital in a competitive market. To manufacture one calculator two units of capital and one unit of land are needed, while 1 lb of noodle production requires 1 unit of capital and 2 units of land. China has 100 units of land and 50 units of capital while Japan has 10 units of land and 40 units of capital.
7. Suppose China and Japan trade with each other corresponding to Scenario A. Identify the correct statement.
A. Chinese export noodles to Japan because China has more land and noodle production is land-intensive.B. Chinese export calculators to Japan because China has more capital and calculator production is capital-intensive.C. Chinese export noodles to Japan because it has more land per unit of capital and noodle production is land-intensive.D. Chinese export pattern cannot be determined because prices of calculators and noodles are not given.
8. Under Scenario A, if China trades with Japan:
A. Chinese capitalists are better-off (compared to their no-trade situation).B. Chinese landowners are better-off (compared to their no-trade situation).C. Both capitalists and landowners are better-off in China (compared to no-trade).D. Neither capitalists nor landowners are better-off in China (compared to no-trade).
Dubya make a decision to deposit $5,000 of his cash holdings in Wachovia. The required reserve ratio is set at 10 percent or .10 and the bank does not hold any excess reserves.
Decko Corporation is a United State firm with a Chinese subsidiary that produces cell phones in China and sells them in Japan. This subsidiary pays its wages and its rent in Chinese yuan,
Discuss similarities between the principle of comparative advantage and absolute advantage? Are there any differences between two principles?
Explain why would we expect the difference in the one year interest rate on the dollar vs one year interest rate on, the Euro or any other freely convertible currency,
Suppose If factor-intensity reversals were indeed prevalent in the real world, how might this fact be used to describe the Leontief paradox?
Adele Corporation is planning the replacement of some electric generating equipment by a more efficient, technologically advanced model.
Before one year Polish zloty was PLN 3.8000/USD. Since then the sloty has fallen 14 percent against the dollar. Price levels in the US have not changed, but Polish price has gone up 7 percent
ssume under a system of flexible exchange rates a black and white TV rates $150 in the United State and 18,600 yen in Japan. Other things being equal,
One year ago, a United State investor converted dollars to yen and purchased one hundred shares of stock in a Japanese company at a price of 3,150 yen a share.
Assume that the Bank of Canada decides to expand money supply. Explain why would it be counter productive for the Bank of Canada to fix the value of the exchange rate?
Dumaine Equipment Corporation closes its books regularly on December 31, but at the end of 2007 it held its cash book open so that a favorable balance sheet could be created for credit purposes.
Microeconomics is suppose to be the study of scarce resources. Here, consumers [both individuals and organizations] must make allocation decisions. These 3-basic trade offs include which goods or services are to be manufactured,
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd