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- I made a mistake when submitting, the answer options are this instead: - Denmark has a slight comparative advantage in television production because that activity is skill and capital intensive. - Denmark has a strong absolute advantage in TV production thanks to its skilled workers. -Televisions are highly differentiated and knowledge intensive products, where mainly increasing returns drives trade. - Denmark outsources important parts of its TV value chain. Firms move down their learning curves. Does the original answer still stand? Thank youWorld production will be greater when there is-------. Select one: a. non-specialisation and self-sufficiency b. trade and specialisation c. self-sufficiency and specialisation d. trade and non-specialised productionThe primary benefit that results when a nation employs its resources in accordance with the principle of comparative advantage is a) an expansion in capital investment resulting from a reallocation of resources away from consumption b) a larger output resulting from a more efficient use of resources c) greater equality of income resulting from an increase in the number of workers d) an increase in the profitability of the business enterprises resulting from an increase in capital formation
- An inefficient manufacturing base is likely to result when: A. only those goods are produced in which the domestic economy has a comparative advantage. B. a newly developing economy has no international trade controls C. competitive foreign imports are restricted. D. the economy produces only those goods in which it has technical expertise E. producers compete solely on the basis of low cost.Economics in Asia To present the environmental crisis due to industrialization - the causes and effect in Indonesia Word limit: 600 words First, carry out a brief research [based on reliable journals or publications] to explain how industrialisation can lead to climate change and escalated an environmental crisis in Indonesia - one in which also has spillover effects to her neighbouring countries in Southeast Asia Next, analyse how this environmental crisis can affect Indonesia AND her neighbours in the Southeast Asia region, in terms of trade competitiveness and long-term economic growth Any in text citations must be clearly supported with the references stated in the appendix list.A country will have comparative advantage, accounting to Ricardo (A) industries that sell to domestic and foreign buyers (B) industries that sell to only foreign buyers (C) import competing industries (D) industries in which there are imports nor exports
- A transfer payment is a payment made by a. foreigners, but not in exchange for a domestically produced good or service. b. government, but not in exchange for a currently produced good or service. c. firms, but not in exchange for capital equipment. d. consumers, but not in exchange for a tangible product.A country will choose to protect an industry to promote future comparative advantage instead of exploiting its current comparative advantage when: (a) The interest rate is high. (b) Time horizon of decision-making is long. (c) There are fixed cost in technology investments. (d) The growth rate of expertise is low.What are Australia’s opportunities in global value chains (GVCs) in Asia Pacific focusing on GVCs in the agricultural/food sector. Do GVCs contradict the notion of comparative advantage?
- Labor productivity coefficients for the US and Brazil are given by the following table: Country Wheat per week Clothing per week Labor(number of workers) United States 2 8 100 Brazil 1 2 120 Solve for: Who has the absolute advantage in wheat? What is the opportunity cost of 1 unit of wheat in the US? in Brazil? What is the opportunity cost of 1 unit of clothing in the US? in Brazil? Who has the comparative advantage in Wheat? In Clothing? Draw the production possibility frontier for the US. (Put Wheat on the Y-axis and Clothing on the X-axis) For Brazil (Put Wheat on the Y-axis and Clothing on the X-axis) Suppose each country decides to split its labor force equally on the production of each good. Locate the point on the PPF curve for each country that represents this allocation of labor. What’s their production and consumption combination # at this point?The primary benefit that results when a nation employs its resources in accordance with the principle of comparative advantage is? a.an expansion in investment resulting from a reallocation of resources away from consumption. b.an increase in the profitability of business enterprises resulting from an increase in investment. c.greater equality of income resulting from an increase in the number of workers. d.a larger output resulting from a more efficient use of resources.In the specific model with two consumption goods and labour (mobile) and land and capital (specific factors), in Home in the market equilibrium with free international trade of goods (compared to autarky).Which statements are correct? 1.the economy does not achieve a Pareto improvement. 2.the profit of the capital owners increases. 3.a good that is exported cannot have a higher price. 4.consumption is strictly higher. 5.the price for land cannot be lower. 6.workers will be better off if they consumption demand is sufficiently biased toward imported goods. 7.the real wage will be higher