User Account

All Pages

Skilled and unskilled unit labor requirements

Assignment Help Business Management
Reference no: EM131281105

Suppose the United States and China are the only two countries in the world making cars and food. Suppose that everyone in the world spends half their income on each good. Suppose there are 10 units of skilled and 16 unskilled labor in China and 16 units of skilled labor and 10 units of unskilled labor in the US. The technology is such that at any factor prices, cars are intensive in their use of skilled labor.

You can alternatively use the skilled and unskilled unit labor requirements in the two goods, cars and food, given in the table below.

Factor /Good Food Car

Skilled 1 2

Unskilled 2 1

a. What happens to the price of cars relative to food in each country without trade compared to with trade?

b. What happens to factor prices in each country without trade compared to with trade? Why?

c. Can trade explain the increase in the skilled wage relative to the unskilled wage that has occured wordwide in both countries?

d. Explain what might be able to do so.

Reference no: EM131281105

Questions Cloud

What was the union conduct complained of by safeway stores : What was the union conduct complained of by Safeway stores? -  On what grounds did the NLRB prohibit the picketing?
Suppliers of corn expect the price : Suppose suppliers of corn expect the price of corn to rise in the future. How would this affect the supply and demand for corn and the equilibrium price and quantity of corn?
Basic objectives of monetary policy : What are the basic objectives of monetary policy? Comment on the cause-effect chain through which monetary policy is made effective. What are the major strengths of monetary policy? 200 words
Determine the maximum slope allowed : For such surface material it is recommended that to prevent scouring of the surface the average velocity be no more than 1.75 ft/s. Determine the maximum slope allowed.
Skilled and unskilled unit labor requirements : The technology is such that at any factor prices, cars are intensive in their use of skilled labor. You can alternatively use the skilled and unskilled unit labor requirements in the two goods, cars and food, given in the table below.
Find the channel slope needed to maintain this depth : The depth downstream of a sluice gate in a rectangular wooden channel of width 5 m is 0.60 m. If the flowrate is 18 m3 /s, determine the channel slope needed to maintain this depth.
Find maximum bit rate that can be supported by pcm system : Find the maximum bit rate that can be supported by the above PCM system without introducing intersymbol interference (ISI). Find the maximum bandwidth that can be permitted for the analog signal.
What is the difference in a per se violation : What is the difference in a “per se” violation and one that requires the rule of reason? How does the “Maricopa” case explain the application of “per se” and the rule of reason? Explain how the “Jefferson” case establishes guidelines for understandin..
Provide a long-term sustainable food supply : The characteristics that will enable your land to provide a long-term sustainable food supply.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd