Theories of absolute and comparative advantage

Assignment Help Operation Management
Reference no: EM131146261

If you read the theories of absolute/comparative advantage, you would expect that tropical countries will grow and export bananas while temperate countries will grow and export wheat. Similarly, countries with a highly educated work force will export high-tech goods, while a country with a less educated work force will export garments. If this is true, then countries like Germany and France, both with similar climates, workforces, and resources, should not trade with one another. Yet, this is not the case. What theory of international trade might offer an explanation for this phenomenon. How does it explain this?

Reference no: EM131146261

Questions Cloud

Impact of branding on sales and organizational development : Topic: Impact of branding on sales and organizational development. This Assignment has three parts: Business project plan and Literature Review, Methodology and Ethics
Develop a role-play for a commitment hearing : Develop a role-play for a commitment hearing that illustrates the consequences of not following the selection process. Make sure a team member represents the psychologist, the client advocate, and other roles as necessary.
Find the forcing frequency : When the fixed end of the beam is subjected to a harmonic displacement y(t) = 0.05 cos ωt the maximum tip displacement has been observed to be 2.5 in. Find the forcing frequency
Borrows money from the international monetary fund : If a country is facing a debt crisis, it often borrows money from the International Monetary Fund. Sometimes, the IMF lends money along with some “conditions” attached to the loans. What are 3 such conditions that the IMF usually specifies? In your o..
Theories of absolute and comparative advantage : If you read the theories of absolute/comparative advantage, you would expect that tropical countries will grow and export bananas while temperate countries will grow and export wheat. Similarly, countries with a highly educated work force will export..
Write 2 page essay : Write 2 Page Essay.- Having done the analysis find out which category you belong to and what types of jobs provide a good match with your strengths.
Calculate the break-even point for the project : Calculate the break-even point for the project and the expected financial returns. Calculate the break-even point. Make sure you show your Excel formulas or provide calculations so your instructor can review your work.
How long will it take to activate the limit switch : If the rotor operates at resonance, how long will it take to activate the limit switch? Assume the initial displacement and velocity of the rotor perpendicular to the shaft to be zero.
Create a brief outline that showcases the flow : Explain how Cedar Falls follows the Government Accounting Standards Board (GASB) Statement No. 34. Create a brief outline that showcases the flow.

Reviews

Write a Review

Operation Management Questions & Answers

  Business diversification strategy

Theme Parks, Cruise Lines, Resorts, Movies, Television, Radio, Music Recording, Baseball, Publishing, and Retail. How would you classify Walt Disney Corporation's business diversification strategy? What benefits are generated from any strategic fit e..

  Crm implementation of the project

You just finished up your status meeting with Ben and are deeply concerned about the CRM implementation of the project. You are not sure, given what you just heard, that the project will be able to finish in time.

  Organizational dynamic or an organization of interest

Were you faced in a situation/s in the workplace where management informed you that you were empowered, did you really feel empowered? Why or why not? Which influence tactics would you use as a manager given your own organizational dynamic or an orga..

  Comparing the two primary considerations

Write a paper comparing the two primary considerations, from the aviation security viewpoint, of both landside and terminal security system design planning.

  The importance of the speed-time differential concept

The importance of the speed-time differential concept is that: a. it helps analyze the predictable communications behavior of employees b. it measures different speeds by which individuals communicate their ideas c. it represents the difference betwe..

  What are the major hurdles to continuing quality improvement

Considerable success has been achieved by companies practicing TQM. What are the major hurdles to continuing quality improvements that manufactures and service providers face?

  In an effort to convince customer prospects

In an effort to convince customer prospects that the product being offered has the correct / appropriate bundle of benefits to meet their respective end-user needs, marketers employ ______________________________ & _____________________________.

  Driving a car by looking in the rear-view mirror

It has been said that forecasting using exponential smoothing is like driving a car by looking in the rear-view mirror. What are the conditions that would have to exist for driving a car

  What is the average and the standard deviation

What is the average and the standard deviation of demand during the protection interval?

  Project management recommendation

Write an email response in which you address the following points: Determine which project might be implemented and why (e.g. feasibility study, breakeven analysis, etc).

  Supply chain partners might have struggled to implement

Draw a cause-and-effect diagram that assesses why some of the company’s supply chain partners might have struggled to implement some of the company’s newly developed materials. Summarize your findings from the diagram.

  Why is the transportation industry cyclical in nature

Why is the transportation industry cyclical in nature. In terms of capacity, what steps can transportation companies take to avoid or at least mitigate the negative effects of economic downturns like this most recent one

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