The physical export of motorcycles from the United States to Mexico best illustrates a: resource flow. financial flow. technology flow. trade flow.
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The physical export of motorcycles from the United States to Mexico best illustrates a:
-
- resource flow.
- financial flow.
- technology flow.
- trade flow.
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- The French fall in love with California wines and triple their purchases of this beverage. Assuming all else remains constant, this would be represented as a movement from A to B. C to D. B to C. A to D.In the specific factor model with labour as a mobile factor, introducing trade lowers the welfare of workers increases output and consumption in the world. increases the welfare of all the owners of specific factors in Home. induces a Pareto improvement for the economy that exports more.Complete the table below for the home country. (A positive number for trade indicates exports, a negative number indicates imports). Production Cheese __ Wine __ Real wage In terms of cheese ___ In terms of wine ____ Consumption Cheese 50 Wine ____ Trade Cheese ____ Wine ____
- 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, ImportIf a country closes off to trade and prices remain unchanged, what does that mean? A. Autarky prices and free trade prices are the same. B. Autarky prices are larger than free trade prices. C. Autarky prices are smaller than free trade prices. D. The absolute value of autarky prices are negatively correlated with free trade prices Explain your answer in up to 200 words and using a diagramWhat is the theory of country size? How is country size determined? How does country size affect national trade patterns?
- Before the opening of trade, a nation produces (and consumes) at the point where a. its relative price line is not tangent to it's IC or PPF b. its relative price line is only tangent to its PPF c. its realtive price line is only tangent to its IC d. its realtive prive line is tangent to both its IC and PPFIn a farway country, banana is the most important crop exported to rest of the world. Data about economic indicators for farway country are given in Table 1. In recent years, a life style change, leading to more consumption of processed food, than raw food has led to reduction in demand for Bananas for consumption. Since the manufacturing sector in FarwayCountry is not developed, the country has to import most of its processed food needs, leading to increase in imports.The Government of Farwaycountry is contemplating inviting foreign investors to establish industries to manufacture banana products such as candies, marshmallows, chips, cookies etc. to give boost to manufacturing sector in the economy. Mr. Brown runs Candie Floss inc., a leadingcompany from Australia that manufactures candies, and sells across the world. Mr. Brown is approached by the External Affairs Minister of Farway Country, inviting him to set up his unit in Farway Country. Mr. Brown is looking for some advice,…Identify whether the given items are examples of imports, exports, or neither. Assume the United States is considered the domestic country. Heath lives in the United States and purchases a video game produced in Japan. a. neither b. import c. export Veronica lives in Tennessee and buys an orange grown in Florida. a. export b. import c. neither A Chinese consumer purchases a television produced in China. a. import b. export c. neither A farmer in Iowa sells corn to a food processing plant in China. a. export b. import c. neither Chevron drills for oil in the United States and sells this oil to refineries in Brazil and Mexico. a. neither b. export c. import
- A worker in the United States and a worker in China can each produce 1,000 pairs of jeans per week. A worker in the United States can produce 50 cell phones in a week, and a worker in China can produce 100 cell phones in a week. Answer the following questions based on this information. Determine how many jeans should be produced by each nation.Indian exports of computer software have grown rapidly since the early 2000s. In the early 2000s, the cost to employ programmers in India was about half the cost of programmers with comparable skills in the United States. In 2013 the cost in India was about two-thirds the cost in the United States. What trade theory or theories help us to understand the change?Use the Gravity Model to explain why China, Japan, Mongolia, North Korea, South Korea, and Taiwan had increased rapidly their share of world GDP. Most importantly the volume of trade between these emerging economies has grown substantially
