Determine which country has a comparative advantage in each good . b) If Country A and Country B each have 100 units of labour , calculate the maximum production of each good for both countries .
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- Suppose there are two countries Peru and Japan that produces 7,523 units ofFood or 17,853 units of Fuel using a labour force of 8000. Japan can produce 5,733 units of Food or 24,156 units of Fuel using a labour force of 5,000. a) On two seperate graphs sketch the initial PFF for the two countries with Food on the x-axis. b) If Japan and Peru employ half it workers to produce Fuel how much each good can consume? Label this point A and A* respectively. c) Which country has the absolute advantage in food? In fuel? Explain. d) Which country has the comparative advantage in food? In fuel? Explain. e) Which good(s) should each country specialized in?Do you think that the Philippines is harmed as other countries do their activities to us through outsourcing?If technological change allows on industry to save on the use of the factor it uses relatively less intensively, what will happen? What is the impact of this situation on trade volume? EXPLAIN. (you can give the example)
- Katakan Malaysia mengeksport barang intensif modal ke Thailand dan mengimport barang intensif buruh dari Thailand. Berdasarkan teorem Hecksher-Ohlin, lakarkan rajah dan jelaskan situasi ini. Assume that Malaysia exports the capital intensive product to Thailand and imports the labor intensive product from Thailand. Based on the Hecksher-Ohlin theorem, draw a graph anddefine this situation.Many U.S. firms import products or parts from other countries indstead of producing them domestically. In fact, most iPhones are other smartphones are made not in the U.S. but in China. Many politicians, notably Presidents Trump and Biden, and commentators argue that the government should protect domestic jobs in this country by penalizing the practice of importing from other countries. How are Americans affected by this practice? Does this hurt Americans by international trade as they are consumers and ordinary resident in the U.S.?What is the viewpoint of Ricardo regarding the Comparative Difference in Costs?
- Two countries (A and B) produce tea and oranges using labor. The number of hours of labor required to produce these goods are given as follows: Country Тea Oranges A 6 20 В 8 30 If both countries have 1500 hours of labor available, explain how they can gain from trade.We are given the following labour per output ratios for the US and Mexico:Chemicals RadiosUS 1 3Mexico 10 5This should be read as; in order to produce 1 unit of the good, for example chemicals, we need 1unit of labour in the US and 10 units of labour in Mexico What is the relative price of chemicals in terms of radios in the US? In Mexico?.Explain your answerInternational trade Why would a country opt for free trade when some workers remain unemployed in the import-competing sector? Given the real wage rate in Thailand is higher than that in Bangladesh, how would international trade affect real wages betweenthem under a perfectly mobile labor movement?
- мсаз Austria can produce 1 unit of food using 12 hours of labour time and 1 unit of machinery using 4 hours. In Greece it takes 8 hours of labour time to produce 1 unit of food and 4 hours to produce 1 unit of machinery. These productivity conditions imply: A I do not want to answer this question. Austria has an absolute advantage in machinery production C Greece has an absolute advantage in machinery production Austria has a comparative advantage in machinery production E Neither country has a comparative advantage in machinery production F Greece has a comparative advantage in machinery productionTurkey Greece Olives 7. Taxtilea The numbers in the table above represent the number of labor hours it will take to produce one unit of the gren pod. Based on the table above, if complete specialization occurs and Greece has a labor force of 56,000 hours of labor, then after trade begins, k will produce O a. 7,000 units of olives O b. 7,000 units of textiles Oc. 14,000 units of olives or 16,000 units of textiles O d. 8,000 units of olivesAuto Volta are planning to launch an import line of electric batteries and electric chargers going in parallel with the global change movement , they will be offering direct installment , maintenance ..etc all what comes within in such type of business with a potential investment (1 million EGP), from your studies : What can be the Barriers of International Trade that they might face in their importing process in the time being where the world is suffering the rise of Corona virus threats Auto Volta are planning to launch an import line of electric batteries and electric chargers going in parallel with the global change movement , they will be offering direct installment , maintenance ..etc all what comes within in such type of business with a potential investment (1 million EGP), from your studies : What can be the Barriers of International Trade that they might face in their importing process in the time being where the world is suffering the rise of Corona virus threats