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China and Japan have two factors of production, land and labor. Both countries produce two goods: corn, which requires more land and computers, which requries more labor. Given that China is abundant in land and Japan is abundant in labor, what will be the effect on the terms of trade an increase in Japan's labor supply? What will be the welfare effect of a decrease in land used for corn in China?
Describe breifly about Critical evaluation of Adam Smith's Theory and outline of its purest form and what is its critism.
Differentiate the international financial companies that play major roles in NAFTA and Latin American Integration Association (ALADI) regional trading blocs.
From the following data, calculate the average annual return, the variance, standard deviation,and coefficient of variation for each asset.
Suppose that government imposed a price ceiling on gasoline in order to save prices from getting too high. What are the economic implications of this action in the gasoline markets?
In exchange for a $20,000 payment today, a well known company will allow you to choose one of the alternatives shown in given table. Your opportunity cost is 11 percent.
Stock Dividends The owner's equity accounts for Hexagon International are demonstrate here, If Hexagon stock currently sells for $25 per share and a 10 percent stock dividend is declared, how many new shares will be distributed?
In one day, Canada can manufacture either 200 tonnes of wheat or ninety tonnes of copper ingots. In one day, Chile can manufacture either 120 tonnes of wheat or 175 tonnes of copper ingots.
Discuss and explain the major provisions of the North American Free trade Area (NAFTA) agreement. Briefly discuss the major benefits of NAFTA to the U.S. economy.
Assume foreign income rise to 108,000 and interest rate is allowed to temporarily diverge from world economy interest costs. What are the equations for IS and LM curves?
In late 2006 and early 2007, orange crops in Florida were smaller than expected, and the crop in California was put in a deep freeze by an Arctic cold front. As a result, the production of oranges was severely reduced. In addition, in early 2007, ..
Calculate the value of the Intraindustry Trade
Suppose that two economies initially have the same level of real income and both suffer unanticipated declines in their sales of exports of $50 billion. Country "A" has higher tax rates and a higher level of government spending than economy "B". O..
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