MacroEcon_L03_Problems

1-2 (4 pts) Trade in a 2-countries 2-goods setup Table 4 Cloth Wine Country A-9000 hrs labor 1 hr/yd 3 hr/bbl 4 hr/bbl Country B - 16000 hrs labor 2 hr/yd 1. Which country has the comparative advantage in producing wine? A. Country A B. Country B I 2. Which country has the comparative advantage in producing cloth? A. Country A B. Country B

Question: what are some examples of successful expansion of global trade, countries are seeing, and using, trade as a weapon during and after recessions? please answer in paragraphs, thank you for your time!

plz don't use chat gpt answer i will 5 upvotes. only own answer What is the primary purpose of free trade agreements? a) To eliminate all tariffs and trade barriers among member countries. b) To impose tariffs and quotas on imports from non-member countries. c) To promote economic growth and integration among member countries. d) To restrict the movement of goods and services across borders.

Question 12 Time it takes to produce one car (hours) Time it takes to produce one Laptop (hours) Canada 1,600 4 China 4,800 Which good will China export and which good will Canada export? Canada will export laptops and cars. China will export neither good. Canada will export cars and China will export laptops. China will export laptops and cars. Canada will export neither good. Canada will export laptops and China will export cars.

C & D please

Output per Hour Worked    United States Mexico Computers (unit) 3 1 Shoes (pairs) 6 3 Based on the above table, which country or countries has an absolute advantage and a comparative advantage in shoes?   a) Mexico has a comparative advantage, and the United States has an absolute advantage in shoes. b) Mexico has an absolute and comparative advantage in shoes. c) The United States has a comparative advantage, and Mexico has an absolute advantage in shoes. d) The United States has an absolute and comparative advantage in shoes.

Plz solve

The table below gives the number of cars, or of coal tons, that a typical worker in the given country can produce per week.   (a)  Which country, if either, has an absolute advantage? (b)  What is the comparative advantage, if one exists, for each country? (c)   Calculate potential gains from trade, if any exist.     (d) What lesson do you draw this example about the gains from trade?    Country Cars Coal tons Kazakhstan 6 6 Russia 3 3

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Typed and correct answer please. I will rate

International Trade and Global Economy Terms   Define and give the significance of each of the following terms.  If it is an acronym, also explain the acronym, but still go further and explain it and why it is important.   OPEC WTO USMCA (formerly NAFTA) Comparative advantage

1.what impact does international trade have on the U.S. economy? 2.Explain the impact of a currency devaluation. 3.what are the benefits of globalization? 4.Describe several tariff and non-tariff barriers to trade. 5.Describe the purpose and role of the WTO 6. Explain the pros and cons of NAFTA 7.Discuss several ways that a company can enter international trade. 8.Describe several cultural factors that a company involved in international trade should consider 9.what is a multinational corporation? 10.what trends will foster continued growth in world trade?

create a  report that achieve the following objectives:Knowledge1. Describe the international business environment in the Caribbean.2. Evaluate the environment in which international business is conducted.3. Differentiate the international opportunities and challenges facing Caribbean firms.4. Identify current issues affecting the conduct of international business, particularly forCaribbean firms.5. Evaluate the impact of globalization on strategy formulation and implementation ofCaribbean businessesSkills6. Formulate an international strategy including applying different modes of entry into aforeign market for an existing or fictitious company.7. Integrate issues of cultural and societal diversity into the international business decisionprocess.8. Develop strategies for leveraging cultural diversity into business operationsAttitudes9. Appreciate the implication of current world events for the practice of international business.  choose a product from a corporation and assess the…

gnment Saved to this PC V n Layout References ens: On United States Search (Alt+Q) Mailings Review Don't renew MFN status with the Lewis Kingdom Renew MFN status with the Lewis Kingdom Accessibility: Investigate View Help Lewis Kingdom Impose trade sanctions against U.S. firms U.S. trade value - $65 b L.K. trade value - $75 b U.S. trade value - $35 b L.K. trade value- $285 b × (L.K.) Do not impose trade sanctions against U.S. firms U.S. trade value - $140 b L.K. trade value = $5 b U.S. trade value - $130 b L.K. trade value-$275 b a) Does the U.S. have a dominant strategy? Why or why not? b) Does the Lewis Kingdom have a dominant strategy? Why or why not? c) What is the Nash equilibrium in this game? d) Is this game a version of the prisoners' dilemma game? Why? [] monica D Focus

1. Please make an essay about globalization (500 words)

Food (Comparative Advantage) The consumption possibilities frontiers shown by the blue lines in the following exhibit assume terms of trade of 1 unit of clothing for 1 unit of food. What would the consumption possibilities frontiers look like if the terms of trade were 1 unit of clothing for 2 units of food? Production (and Consumption) Possibility Frontiers with Trade (Millions of Units Per Day) (a) United States (b) Izodia 600 500- 400 600 500 U 400 300 200 U 100 Food 300 200 100 13 0 100 200 300 400 Clothing 0 100 200 300 400 Clothing

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. (d) Which country has the comparative advantage in food? In fuel? Explain. (e) Which good(s) should each country specialize in?

QUESTION 3 (Figure: The Production Possibilities for Taiwan and Japan) Use Figure: The Production Possibilities for Taiwan and Japan. Taiwan has a comparative advantage in producing. while Japan has a comparative advantage in producing. Quantity of microchips 1,600 1,200 1000 600 400 200 Talwan rain boots; microchips 800 1,200 Quantity of rain boots Quantity of microchips 1,400 Oª O b. both microchips and rain boots; neither good Oo microchips; rain boots i Od. neither good; both microchips and rain boots 1,200 1,000 800 400 400 200 400 Japan 100 1,00 Quantity of rain boots

QUESTION 17 Cashews (pounds) 150 Pakistan Cashews (pounds) 240 120 Indonesia Cotton (bolts) Refer to Figure 2-7. Which country has a comparative advantage in the production of cashews? ONeither country OPakistan OThey have equal productive capabilities. OIndonesia 320 Cotton (bolts)

International Trade and Global Economy Terms   Define and give the significance of each of the following terms.  If it is an acronym, also explain the acronym, but still go further and explain it and why it is important.   OPEC WTO USMCA (formerly NAFTA) Comparative advantage Free Trade Protectionism Capital flight Fair Trade World Bank IMF

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