Examine the following table and answer the following question: How do the changes of the economic weights of small Chinese country and territories impact the evolution of the Chinese community itself?
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- A French worker has 100 shirts or 20 in a yeara computer can produce, while a British worker can produce 100 shirtsor let's say it can produce 10 computers.- In this direction, as in question l, both the French andProduction possibilities for the British in Tabular Formyour show.- France and England each have 100 workerslet's assume. Each country, half of its employees in each sectorif it does, how many shirts and computers does each country produce?What is the total output of the shirt and computer in the worldmuch?- Now compare all employees of each countrythat he specialises in the industry in which he has the upper handlet's assume. In this case, shirts and computershow much is the total output in the world?nations that are dependent on core countries for capital. Internal areas Peripheral External areas The Semi-peripheryWhich of the following statements, in the context of U.S. exports, is ru? O A bulk of U.S. exports to developing nations comprise of perishable commodities. O Most US. exports are produced in high-wage industries. O The US. mainly exports labor intensive goods. O The US. exports products produced in the low wage Industries. O Primary products account for the largest share of U.S. exports to developed nations. D Question 21 Any terms of trade within the limits set by domestic opportinity costs will be mutually harmful, becuse each country trie to puh the other as close to the limits of the t O ue O Falbe D Question 22 The limits of the terma of trade are determined by the O diribution costs in each county O umencs echange a batween the trading partners O ock of teignethnge inh coury Oeuntv concounty OAere ol cost l pni gthe
- When countries specialize in the production of goods they have the comparative advantage in, both and will increase O prices, the trade deficit O production, consumption price level, unemployment consumption, unemploymentThe countries of Aptonville and Boxtown each produce two goods: Trucks and Motorbikes. The table below lists the yearly production in millions of units associated with producing each good, for each country. Country Production of Trucks Production of Motorbikes Aptonville 80 Boxtown 100 Currently, Aptonville does not trade with Boxtown but the 2 countries are negociating a free trade agreement. Based on the information above, Aptonville should specialize in OTrucks OMotorbikes ONO trade should take place and export to Boxtown. Similarly, Boxtown should specialize in OTrucks OMotorbikes ONo trade should take place and export to Aptonville. 20 50Will free trade and perfect competition lead to an equalization of wage rateacross countries? Explain. Why would the wage rate vary between developedand developing countries in the same sector in a real world situation, even afterthe adoption of free trade?
- Suppose you examine the bilateral trade flows between Northern Ireland and the Republic of Ireland, England, Scotland and Wales. Which bilateral trade flows do you expect to be larger? Select one: O a. Between Northern Ireland and Wales Ob. Between Northern Ireland and the Republic of Ireland c. Between Northern Ireland and England Od. Between Northern Ireland and ScotlandDo you think that a country that is considered as a peripheral state would be able toprogress and evolve into becoming a semi-peripheral, or even a core state? How do you thinkit can happen?WHAT WILL HAPPEN IF A COUNTRY DOESNT HAVE ENOUGH PRODUCTION BUT MORE EXPORTING THINGS IN OTHER COUNTRIES
- Jsing the specific factors theory and the following table on relative factor apundance, what is the predicted impact of China's accession to the WTO 1999 on its trade with the US (i.e. which type of goods will be traded and in which direction)? Please explain (no computations needed) your answer and give examples on no more than three paragraphs. High- Physical Skilled Capital Labour Medium- Skilled Unskilled Arable Forest Labour Labour Land Land USA 26 30 8 1 17 China 5 12 31 25 14 Table 1: Share in percent of country's factor endowment of world factor endowments, early 2000s, rough approximation.Suppose you examine the bilateral trade flows between Northern Ireland and the Republic of Ireland , England, Scotland and Wales. Which bilateral trade flows do you expect to be larger?Select one:O. a. Between Northern ireland and EnglandO. b. Between Northern ireland and WalesO. c. Between Northern ireland and the Republic of Ireland O. d. Between Northern ireland and ScotlandThe table below shows the export and import values of automobiles, pharmaceuticals, and clothing in Country A and Country B. Country A Automobiles Pharmaceuticals Clothing Country B Automobiles Pharmaceuticals Clothing The IIT share is zero for Multiple Choice Exports ($Billions) 20 30 40 Exports ($Billions) 0 40 45 O clothing: automobiles in Country A and for Imports ($Billions) 40 30 0 automobiles; pharmaceuticals Imports ($Billions) 20 40 35 Opharmaceuticals; pharmaceuticals clothing: pharmaceuticals in Country B.