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Assume that the government purchases goods every year and pays for these using taxes on salary. The government runs a balanced budget in every period and the tax rate on salary.
Elucidate how can a country identify the products and services in which it has a comparative advantage so that it can encourage the development of those industries.
Show that specialization and exchange at a rate of 3 coconuts per fish allows Robin to consume more coconuts and same number of fish and allows Terry to consume more coconuts and same number of fish
Illustrate which person has a comparative advantage in fishing. Which person has a comparative advantage in gathering coconuts.
Elucidate whether the US-Canadian price difference implies that Toyota would have earned greater profit shipping more of the LS 430 models to Canada and less to the US.
Write down a paper about a particular country, posing as an economic consultant that has been hired by the nation government to profile its trade situation and prospects in light of the current glob
Compute the Home firm's total costs from selling only in the local market. Illustrate what is the Home firm's average total cost from selling only in the local market.
If this nation opens its market to free trade, illustrate what is the quantity demanded, quantity supplied and the quantity of imports.
Compute and graphing of equilibrium price and quantity in autarky marketplace and open economy. Impact of quota on domestic welfare.
Elucidate inputs used in making the mobile phone are imported. Calculate the NRP.
Illustrate what does this ERP value compute in part d imply for the tariff structure of mobile phones. Would you expect to see tariff escalation take place.
Illustrate which nation has the comparative advantage in calculators in computers.
Illustrate when a country has a comparative advantage in producing a product, then in comparison with any other nation it can produce that product.
Illustrate what is the marginal opportunity cost of services in each nation. Who has the comparative advantage in factory-stuff.
Elucidate Impact of loss of global investors confidence on exchange rate and nominal interest rate.
Illustrate what are the limits of the terms of trade between Francia. Illustrate what will be the resulting gain from trade.
Assume now that tastes are different in Home also Foreign. Is it possible for the capital intensive nation to now import the capital intensive good.
As per to the Heckscher-Ohlin theorem, is Russia capital abundant or labor abundant. Illustrate what is the impact of opening trade on the real wage in Russia.
Illustrate what happen to the labor-capital ratios of computers also shoes in Foreign.
Compute the slopes of the relative price lines for Canada also India that you draw. Illustrate what does this comparison tell you about the pattern of trade.
The US has encouraged foreign producers to adopt voluntary export restraints also orderly marketing arrangements to reduce US imports and protect domestic companies.
Elucidate what you can conclude about the comparative advantage of MACONDO. Assume labor is the only cost of production and labor coefficients.
Illustrate what this imply about ALFA's own factor endowment. Show the equilibrium points of production and consumption in ALFA, before and after trade.
Elucidating the impact of export tax using partial equilibrium diagram. Who gains also who loses from the imposition of an export tax.
Who has gains also who loses from the imposition of an export subsidy.