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When trade begins, Country Z imports cloth, the labor-intensive commodity. What does this imply about Z's own factor endowment?
Once a free-trade equilibrium is reached, if Brazil imposes a tariff on imports, what will be the effect on its ratio of wages to return on capital?
What role do factor intensities of production play in the factor proportions theory of trade? How could that affect the predicted pattern of trade?
What does the factor proportions theory imply about the composition of a nation's exports and imports? Why?
What policies might be used to encourage further internationalization by Portuguese firms?
How do their missions and operations differ? Are there any areas in which these missions and operations work against each other?
How does the poverty alleviation phase of theWorld Bank differ from its previous infrastructure project lending phase?
Why are you interested in international economics? What is motivating you? How are your interests, major, or profession affected by the world economy?
Identify one way in which the activities of international trade, finance, and production could positively contribute to international development.
Textbook publishers have traditionally produced both U.S. and international editions of most leading textbooks.
What would I think/say about the benefits and disadvantages of international trade in my X developing country?
Discuss what is the connection between crime and unequal access to basic services. Explain, at least, four connecting factors?
The marginal cost in this industry is $10 per unit, and there are five firms. Find What would the Lerner index be at the Cournot equilibrium in this industry?
Provide a graphical two-commodity example of a preference relation generating an income elasticity of the demand for public good that is greater than one.
Describe the expenditures at each stage of the development process in terms of ensigncy and equity.
Let there be two identical consumers. What would be the share of the cost each should pay for a public good at the Lindahl equilibrium?
Consider four students deciding to jointly share textbook. Describe a practical method for using the Lindahl equilibrium to determine how much each should pay.
How do prices ensure that the eminency condition is satisfied for private goods? Why the same not true when is there is a public good?
What is the value of the total purchases at the Nash equilibrium if your neighbors also have $10 each?
In the United Kingdom the lifeboat service is funded by charitable donations. How can this work? Discuss how are the rescue services funded in other countries?
Under what conditions will it be ancient for the firm not to produce? What is the consumption level of the consumer in such a case?
Find what is the maximum amount that they could pay for the sofa and still both be better than without it?
The box contains ten milk chocolates and ten plain chocolates. Neither child likes plain chocolates. Analyze the Paretoecient allocations.
If it takes four days of labor to produce a week's food, and one day of labor to steal a week's food, explain what will be the equilibrium outcome?
Draw the possible shares that the two people can have. What allocation of shares would you choose? How would your answer change if y = [1 - x ]4?