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 that Country A and Country B have unit labour requirements for producing
one tonne of steel and one tonne of oil shown in the following table:
[Andaikan Negara A dan Negara B mempunyai keperluan unit buruh untuk menghasilkan satu tan keluli
dan satu tan minyak yang ditunjukkan dalam jadual berikut:]
Steel
[Keluli]
Oil
[Minyak]
Unit labour requirements
[Keperluan unit buruh]
Country A
[Negara A]
4
2
Country B
[Negara B]
4
5](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F764bc6f6-61bb-4582-b817-f49196045f74%2F67cb7115-9b37-4f3a-bc38-ec9a9e5ace1b%2Fjnkmfq_processed.jpeg&w=3840&q=75)
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- Apple has its headquarters, and conducts research and development, in the United States, while it manufactures iPhones, iMacs, and iPads in China. How is this characteristic of the New International Division of Labour (NIDL)?Suppose 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.Assume w and w* are wage rates per hour in Home and in Foreign; aLi and a*Li are the unit labor requirements for Home and Foreign in production of good i. Any good for which a*Li/aLi > w/w* will be produced a. at Home. b. in Foreign. c. both at Home and in Foreign. d. neither at Home nor in Foreign
- If the terms of trade are tt = M/S =1.4 between the home economy in Figure 2.1 and the foreign economy in Figure 2.4, find the relative wages w/ew* implied by free trade. Find the relative wage if instead tt - 0.7 and explain the effect of the change in the terms of trade on the relative wage23. Assuming labor is the only resource and England has 60 man-hours (mhrs) and Portugal 180 mhrs of labor resource available for production, which country has the absolute advantage in cloth? a) Portugal b) England c) Both d) Neither e) Cannot tellPlease explain why the answer is false. Specializing in its comparative advantage and trading with other nations benefit a country in terms of its total output but not individuals when it comes to their wages.a.Trueb.False
- Home has 1200 units of labor available. It can produce two goods, apples and bananas. The unit labor requirement in apple production is 3, while in bananas production it is 2. There is now also another country, Foreign, with a labor force of 800. Foreign’s unit labor requirement in apple production is 5, while in bananas production it is 1. a) When all the labor in Foreign country only produce apples, how many units of apples can be produce? b) When all the labor in Foreign country only produce bananas, how many units of bananas can be produce? c) What is the opportunity cost of apples in terms of bananas in Foreign country?b) Now, suppose Northland and Southland are free to trade and that in the free-trade equilibrium the relative price of F is (PF/PC)FT=1.5. What is the wage in Northland relative to that in Southland, i.e., wNLD/wSLD? Explain how you calculated this quantity and the economic intuition behind your derivation and result.Given: Y = 20(L.5K.4N.1) L is labor K is capital N is land L = 100 K = 100 N = 100. What is the level of output in this country?
- Use the following chart for the 3 parts Factor Endowments US Belgium Labor 331 11 Capital Stock 100 7 Part 1: According to the chart and the Heckscher-Ohlin theory the US is A. Capital intensive B. Labor intensive C. Both capital and labor intensive D. Best to practice autarky Part 2: According to the chart and the Heckscher-Ohlin theory the US will _________ labor intensive and ________ capital intensive goods. A. Export, export B. Import, export C. Export, Import D. Import, Import E. Practice Autarky Part 3: According to the chart and the H-O model, when these two countries trade A. US capital owners will be winners B. US labor owners will be winners C. Belgium capital owners will be winners D. Belgium labor owners will be winners E. A and D F. B and CWith free trade, why is wage (income) gap between American skilled and unskilled workers widened? Which of the following is LEAST appropriate for an answer? A. Because American companies producing very expensive products need to hire more skilled workers while American companies producing inexpensive products do not at least hire more of unskilled workers or even reducing the employment of the existing unskilled workers. B. Because American people are willing to buy inexpensive products imported from other developed countries having comparative advantage in producing those inexpensive products rather than inexpensive ones manufactured in the USA. C. Because American companies producing very expensive products need to produce more and more by hiring more American skilled workers as demand for American expensive products from developing countries increases. D. Because free trade allows the USA to focus on specializing in producing very expensive products…explain the impact of start allowing free labor migration between 2 countries.USING FIGURE
