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Which country has an absolute advantage in the production of fruit? Which country has an absolute advantage in the production of timber?
Suppose the total market value of all final goods and services produced this year in economy X is $4 million.
The Tables below show the production possibilities for two hypothetical countries, Italia, and Nire.
Which country has the absolute advantage in producing cars? In producing gourmet meals?
Select a U.S. multinational company. In terms of currency denomination, discuss how the firm prices its revenues and costs.
What is the cost of growing 200 bushels of wheat in Iowa? What is the cost of growing 200 bushels of wheat in Oklahoma?
What do you think would be the effect of increases/decreases in the dollar's exchange value on the firm's profitability?
1. Discuss the corporation’s business activities in a foreign host country.
Examine the market structure of international ports in East Africa and the implications for the welfare of importers and exporters in that region.
Does either person has an absolute advantage in producing both products? Should they be self sufficent or specialize?
Why does the United States have an absolute advantage in both goods? Which country enjoys a comparative advantage in food? Why?
Can we conclude that the effects of NAFTA are good examples of comparative advantage? Was the enactment of NAFTA a good or bad decision?
Let's estimate what happens to the exchange rate between the United States and the imaginary country of Oz.
Does either person have an absolute advantage in producing both products? Should these planners be self sufficient or specialize?
Q1. How much does the rancher and farmer currently produce and consume of meat and potatoes?
How the theory of trade and comparative advantage affects Shell Oil company as they continue unfair business practices in Nigeria.
What is the opportunity cost for Italy if they only produce 1 bushel of grapes? What about 1 computer?
Question 1. What is more beneficial to an economy a surplus or a deficit relative to budget expenditures? Why?
What are the price-quantity effects of this tariff on (a) domestic consumers, (b) domestic product?
why would Argentina want to limit imports of cotton? What does this suggest about the natural free trade pattern of specialization in Argentina?
A further opening of its services market can contribute to China's thriving economy in sectors such as banking, telecommunications, insurance, and transport.
Does either country have absolute and/or comparative advantage in any product?
How can this concept be applied to the "welfare gains from trade" concept in international trade ?
Evaluate the claim by developing countries that they are at a disadvantage in trade with powerful industrialized countries?
Prove that when both countries are producing both goods, the world can be made better off by allowing England and Portugal to reallocate labor and trade