User Account

All Pages

Which country is isolation will have the lower equilibrium

Assignment Help Business Management
Reference no: EM131654470

Suppose that (1) capital-labor ratio (K/L) to produce 1 unit of computer is greater than the K/L to product 1 unit of grain in both Country A and Country B. (2) the ratio of total capital to total labor available in the Country A is greater than in the Country B. (3) The taste for computer and grain is the same in the both countries; (4) each country faces increasing costs of production; and (5) the same technology is available in both countries.

(i) In which country is the price of capital (i.e, the interest rate r) relative to the price of labor time (i.e, the wage rate w) lower? Why ?

(ii) Which country is isolation will have the lower equilibrium Pc/Pg? Why?

(iii) How trade causes a reduction in the difference in r and w between Country A and Country B.

Reference no: EM131654470

Questions Cloud

Which store has the highest average prices : Based on the sample data, which store has the highest average prices? Use Fisher's LSD test if appropriate.
Explain what direct price discrimination is : Explain what direct price discrimination is. What is the effect on producer surplus, and consumer surplus from the practice of price discrimination?
How can internal customers be influenced : How can internal customers be influenced? In particular, how can internal customers such as supervisors and co-workers be influenced?
Collaborating on a development project : How does the mode of collaboration influence the success of collaboration? Consider strategic alliance, joint venture, outsourcing
Which country is isolation will have the lower equilibrium : In which country is the price of capital (i.e, the interest rate r) relative to the price of labor time (i.e, the wage rate w) lower? Why?
Create a mind map or infographic that define characteristics : Create a Mind Map or infographic that defines characteristics and responsibilities of at least four potential roles of human resources representatives.
Groups of customers in the market : A movie cinema has identified two groups of customers in the market: students and adults. To gain a concession students just have to show their student card
Difference average breaking strength of nylon and polyester : Based on the data gathered by the Cordage Institute, can it be concluded that there is a difference in the average breaking strength of nylon, polyester.
What approach to motivation was used in that organization : Think about the worst job you have held. What approach to motivation was used in that organization?

Reviews

Write a Review

Business Management Questions & Answers

  Enhancing communication by utilizing

Enhancing communication by utilizing the "to do list" to work as a team at increasing communication.

  Herzberg two-factor theory

Using at least three comparison web examples from the industry you used in your "Herzberg's Two-Factor Theory" discussion post this week

  Basic concepts of government and the political economy

Why is it necessary for us to study politics as a scientific discipline? Of all the sub-fields under political science which subfield appeals to you most?

  Marketers style-one corporation and trend now

For five years, clothing makers and marketers Style-One Corporation and Trend Now, Inc., both use the phrase "Looks Great" on their labels.

  Organizational culture play in configuration

Discussion: What role should organizational culture play in configuration and content management?

  State emergency operations plan for state

Using the Internet, locate the state emergency operations plan for your state. Review the Table of Contents for the components of the plan. Write a title page, two-page review (500 words), and reference page in APA style. In the report, briefly de..

  Elucidate why you think the name you have chosen the brand

Elucidate why you think the name you have chosen is appropriate. Deliberate the pros as well as cons of your recommended.

  Identify strategy to protect innovations

Please research on Uber Technologies inc. and identify strategy to protect innovations. Answer in detail.

  Define entrepreneurship

(i) Define Entrepreneurship. (ii) Write any two organizations name those are working for entrepreneurship development? (iii) Write any two types of entrepreneurial competencies?

  Discuss the phases of a team life cycle

Team Life Cycle - Discuss the phases of a team life cycle and how to increase a team's potential to survive, be productive,

  Show the groups influence behavior

Group structure - Groups influence behavior of their members and one of methods is group sanctioning. It consists of rewarding or punishing its members to enforce group standards.

  Quandaries in health care

Quandaries in Health Care

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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