American firms outsource many jobs to other, lower cost countries. How can this outsourcing actually lead to increased employment here in the USA?  How can there be any economic gains for a country from both importing and exporting the same good, like cars?

Q: If demand for a country's export good rises, other things being equal, will both the commodity terms…

A: If demand for country export goods rises this will lead to an increase in the Price index=Px/Pi or…

Q: Explain how this is likely to change Ghana’s comparative advantage

A: Comparative advantage: It means that when a country is producing on or the other goods and services…

Q: How does a country's GDP affect trade

A: The balance of trade is one of the critical parts of a nation's (GDP) recipe. Gross domestic product…

Q: Which of the following tends to increase trade between countries? a) Larger gross domestic product.…

A: The exchange of services and goods among individuals or entities involving compensation is known as…

Q: What does import quotas and local content requirement mean for importing economies? What does it…

A: Answer in below step

Q: Brazil Mexico Soya per unit of labor 0.05 0.02 Corn per unit of labor 1.25 1.40 At what…

A: According to the question, the comparative advantage for the per unit of labour given between…

Q: Imagine that you work for the World Bank and you have been called to Ghana to aid the new president…

A: Ghana is a developing country, tries to shift from the agriculture sector to the manufacturing…

Q: Saudi Arabia has huge oil reserves, but relies on the United States for oil rigs to extract the oil.…

A: Given:  Saudi Arabia has huge oil reserves.  It relies on U.S.A for oil rigs to extract the oil.

Q: How would free trade occur with a small agricultural country and a large industrial country?

A: Answer: Free trade can occur between an agricultural country and an industrial country, trade is not…

Q: Why Japan is dependent on food import?

A: Definition: An import is a decent or administration purchased in one country that was delivered in…

Q: Unions in developed nations often oppose imports from low- wage countries and advocate trade…

A: INTRODUCTION  No, this kind of rivalry isn't unequal. The Union and the people it represents are the…

Q: A country's level of trade is measured by exports as a percentage of GDP.

A: The level of commerce in a country may appear to be similar to the balance of trade at first glance,…

Q: Imagine that you work for the World Bank and you have been called to Ghana to aid the new president…

A: If Ghanaian government impose a tariff on rice and providing subsidy to domestic produces, the price…

Q: NAFTA has improved Mexico-U.S. trade and investment, yet, bilateral trade between the United States…

A: Trade means goods and services are exported to other countries and imported from outside the…

Q: Imagine that you work for the World Bank and you have been called to Ghana to aid the new president…

A: Answer:-   Ghаnа  's  hаlf  оf  the  рорulаtiоn  deрends  оn  аgriсulture.  Аbоut  45%  оf  the…

Q: The parliament of Ghana is debating whether import substitution should take the form of quotas or…

A: The effeсts оf tаriffs аre mоre trаnsраrent thаn quоtаs аnd henсe аre а рreferred fоrm оf рrоteсtiоn…

Q: Imagine that you work for the World Bank and you have been called to Ghana to aid the new president…

A: Tariffs: It refers to the restrictions put on by the government on the imports of the country so…

Q: Will cheap foreign wages alone make production in a foreign country (with the low wages) profitable?…

A: Production activity requires the conversion of inputs into finished and valuable goods and services.…

Q: Who loses when a country imports cheaper goods from abroad?

A: In am economy, people generally make import of goods and services that are available at lower price…

Q: International trade  Why would a country opt for free trade when some workers remain unemployed in…

A: Some workers need to be organized so that unions can work together to improve their economic and…

Q: Do you think that the Philippines is harmed as other countries do their activities to us through…

A: When a specific company in other countries involves itself in an outsourcing, normally it brings…

Q: Predict what each of the following events would do to the terms of trade of the importing country…

A:

Q: Complete the table below for the home country. (A positive number for trade indicates exports, a…

A: Answer -

Q: How important is international trade to the United States? Are other countries more or less…

A: America could not become a rich country unless it could sell its product its goods and services…

Q: Any goods, raw materials, or services that are produced in one country and then sold to another…

A: This is a common practice from the history.

Q: Why not have State governments levy tariffs on imports, or tax other states' products. Would this be…

A: A trade agreement is a broad tax, tariff, and trade treaty that frequently includes investment…

Q: If a nation exported much of its output but imported little, would it be better off or worse off?…

A: Export and Import: The export and import are the two-component international trade. Export includes…

Q: Does the US import more ($ value) than it exports or does the US export more than it imports? Is…

A: The US imports more than it exports. In 2018, the US exports were, $2.5 trillion and US imports were…

Q: Imagine that you work for the World Bank and you have been called to Ghana to aid the new president…

A: Given information Ghana is agricultural dominated country. It's 50% population is working in…

Q: At one time, it was believed that the way for a nation to prosper was to export as much as possible…

A: In an open economy, the level of imports and exports of a country make up components of the…

Q: Why does the Philippines import rice from other countries even though rice can be produced in our…

A: When a country trades with other countries, it is known as an open economy. According to the theory…

Q: Producing socks is labor-intensive, while producing satellites is capital-intensive. If India…

A: When two countries involve in trade, one country ‘export’ that good in which it has ‘comparative…

Q: Shoes are labor-intensive and satellites are capital-intensive to produce. The United States has…

A: Heckscher-Ohlin theory is an international trade theory based on the comparative cost advantage and…

Q: Based off of these choices, which of the following are facts about the U.S. economy? Select all that…

A: Economy- it is a geographical area in which production, trade, consumption & exchange of goods…

Q: the capital-abundant country after it trades with the other nation

A: A country that is capital abundant will export capital-intensive goods; countries that have a…