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!
Comparative/absolute advantages
Techland and Clothworld are two countries with the same number of workers. In Techland each worker can produce 4 units of technology OR 4 units of clothing. Each resident in Techland currently consumes 2 units of technology and 2 units of clothing. In Clothworld each worker can produce 3 units of technology OR 12 units of clothing. Clothworld's residents consume 1 unit of technology and 8 units of clothing. (pretend each country only has one worker each, it makes the math easier.)
1. Does either country have an absolute advantage?
2. Which country has a comparative advantage in technology and by what amount.
3. Which country has a comparative advantage in clothing and by what amount.
4. Is there a basis for trade? If so, what would be an example (using numbers) of trade that would benefit both countries. (Keep each country's consumption of the good they DO have a comparative advantage in the same as before trade occurs, and see if trade lets them consume more of the other good). ASSUME DIRECT TRADE, NO "MIDDLE MAN".
Describe the uncontroversial final effect of a contractionary monetary policy and an expansionary fiscal policy.
The Federal Reserve's publishes the H.3 Statistical Release-Aggregate Reserves of Depository Institutions and the Monetary Base-weekly. Recent releases show that the composition of the supply of total reserves
In other situations it would be reasonable for a purely competitive wheat farmer to raise his price per bushel because he could reduce his variable costs by selling less at a higher price. True or false, and why?
Assume that the soft coal industry is a competitive industry and it is in long run equilibrium. Now assume that the firms in the industry form a cartel.
A rural utility organization gives standby power to pumping stations using diesel-powered generators.
The dividend is hopefuly to make at a constant rate of 6.00% per year. What is the expected year-end dividend, D1?a) $2.20.
Elucidate the difference between a monopoly and an oligopoly, and a cartel. Provide an example of a monopoly, an oligopoly, and a cartel. Describe the welfare effects of monopolies and oligopolies.
Explain how does your organization go about estimating its sales. How does it estimate the demand for new products so that it can prepare a production run.
Technological advance, that date has played a relatively small role in U.S. economic growth.
Elucidate good or service does the company sell. Is the price elasticity of demand elastic or inelastic for that good or service.
Describe unemployment and the unemployment rate. Might we be able to say "Job Stats: Too Good to be True?"
After two years the City of Plentiful is faced with a fiscal crisis and decides that it wants its garbage back.
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