Prove that: A capital – abundant country can benefit from international trade if it specializes in producing and exporting the capital- intensive products. Qs4 XA (Autarky) Qc (capital intensive)
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- Prove that: A capital – abundant country can benefit from international trade if it specializes in producing and exporting the capital- intensive products. XA(Autarky) Qc (capital intensive)Suppose there are two countries Peru and Japan that produce Food and Fuel. Peru can produce 7,523 units of Food 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 5000. (g) If the terms of trade is 2 to 1 in favour of the country with the comparative advantage in food. Determine the combination of the two goods that each country will consume after trade if the country with the comparative advantage in fuel imports 4000 units of food. Label this point B and B* respectively. h) Who gains from trade? Who loses? What is the impact if any on the world? (i) What should the terms of trade be to make trade beneficial for BOTH Japan and Peru? Explain.Indicate and explain how production and consumption gains arise with specialization in international trade. You may use a graph to assist your explanation.
- What criteria define India as an emerging market? (250 WORDS)1-Analyze the following (2x2) matrices. Identify the countries having certain advantages. Moreover, specify the benefits of trade for both countries. A (2x2) matrix involves (2 countries exchanging 2 commodities or products) Matrix A Wheat (bushels/labor Cloth (yards/labor hour) hour) United States U.K. 3. (Numerical values reflect output per unit of input) a. Will trade occur??? Identify the country having the absolute advantage in wheat and the one having the absolute advantage in cloth. b. Identify the production possibility frontiers for both countries. c. Show me the gains of trade if we assume that the U.S. exchanges 6 units of wheat for 6 units of cloth.Macmillan Learning The Power of Trade and Comparative Advantage: Work It Out 5 Here's another specialization and exchange problem. This problem is wholly made-up, so that you won't be able to use your intuition about the names of countries or the products to figure out the answer. Consider the following productivity table: Mandovia Ducennia Number of Hours to Make One Rotid Output of rotids for Mandovia: Total rotid output: 50 150 Number of Hours to Make One Tauron d. Now allow specialization. One billion hours of labor are available for making products in Mandovia, and 2 billion hours of labor are available for making products in Ducennia. If each country completely specializes in the product in which it holds the comparative advantage, what will the total output of rotids be? Of taurons? Is the total output of each product higher than before? million 100 million 200 Output of rotids for Ducennia: million
- Procurment- In global trade, laws may not apply, so it's a good idea to specify what laws will apply to your transaction. True FalseOutput per Hour Worked United States Mexico Computers (unit) 3 1 Shoes (pairs) 6 3 Based on the above table, if the world price of computers is four pairs of shoes, then the optimal strategy for each country would be a) for Mexico to specialize in shoes, and the United States in computers. b) for the United States to specialize in shoes, and Mexico in computers. c) to specialize in computers. d) to specialize in shoes.Need a self explanatory summary on the impacts of immigrants on international trade on high tech Industries. Specify a country and explain how the immigrants have impacted the mentioned country's national & international trade.
- Country A can produce gadgets at a lower opportunity cost than any other producer of gadgets. As a result Country A must have . a) a superior gadget making technology b) an absolute advantage in gadget production c) a comparative advantage in gadget production d) a constant opportunity cost associated with gadget production e) more factors of production devoted to gadget production than any other countryWe can conclude that Morocco has a comparative advantage in the production of tables. [True or False] Explain your AnswerSuppose country A and B have a labour force of 1 and produce hops and barley using only labour. Country A's unit labour cost are 0.5 for hops and 0.5 for barley, country B's 0.2 for hops and 0.4 for barley. Suppose that both are needed to brew beer in equal quantitiy, so that both national and international demand has the property that equal amounts of barley and hops are demanded. How much more beer (as a percentage) will be brewed under international trade than in autarky? Please enter the percentage rounded to a whole number (up or down is both acceptable) without the percentage sign.