Business, 24.03.2021 16:40 brandisouthern9
Consider the following Specific Factors model. Suppose two countries, Home and Foreign, produce two goods, timber and televisions. Assume that land is specific to timber, capital is specific to televisions, and labor is free to move between the two industries. When the Home country moves into doing free trade with the Foreign country, the Home country exports timber. 16 points total, 2 points each.
For each statement below, determine whether it is true or false, and then briefly explain why?
a. The Home country produces only timber under free trade.
b. Going from closed economy to free trade, the opportunity cost of TV increases in the.
c. Labor employment increases for the TV industry in Home.
d. The workers’ purchasing power for TV increases in the Home country.
e. Capital owners are better off under free trade in the Home country.
f. After free trade, the rental rate for land increases relative to the price of TV in the Home country.
g. The marginal product of labor for the timber industry increases under free trade in the Home country.
Answers: 1
Business, 22.06.2019 05:10
Suppose that the free states of eldricia, a small nation, has consumption, investment, government purchases, imports, and exports as follows. consumption $140 investment $50 government purchases $45 imports $30 exports $15 calculate the free states of eldricia's gdp
Answers: 2
Business, 22.06.2019 13:40
Determine if the following statements are true or false. an increase in government spending can crowd out private investment. an improvement in the budget balance increases the demand for financial capital. an increase in private consumption may crowd out private investment. lower interest rates can lead to private investment being crowded out. a trade balance in sur+ increases the supply of financial capital. if private savings is equal to private investment, then there is neither a budget sur+ nor a budget deficit.
Answers: 1
Business, 22.06.2019 23:30
The upper-level managers of synergy technology are meeting for the week to look at the long-term company goals and overall direction of the organization. the ceo has expressed her concern over the economy and has told her managers to look closely at the environment outside the organization before making decisions and to be future oriented. in this meeting, top managers of synergy are
Answers: 2
Business, 23.06.2019 14:30
Gather reliable information to brent make his decision. to gather this information, use newspapers, call insurance companies or look at their web sites, and review consumer magazines and web sites. also, look at the manufacturer web site or for information about gas mileage. list the sources you use and take notes.
Answers: 2
Consider the following Specific Factors model. Suppose two countries, Home and Foreign, produce two...
Mathematics, 13.09.2020 14:01
Mathematics, 13.09.2020 14:01
Mathematics, 13.09.2020 14:01
Geography, 13.09.2020 14:01
Mathematics, 13.09.2020 14:01
Mathematics, 13.09.2020 14:01
Mathematics, 13.09.2020 14:01
Mathematics, 13.09.2020 14:01
Mathematics, 13.09.2020 14:01
Mathematics, 13.09.2020 14:01
Mathematics, 13.09.2020 14:01
Social Studies, 13.09.2020 14:01
Mathematics, 13.09.2020 14:01
Mathematics, 13.09.2020 14:01
History, 13.09.2020 14:01
Mathematics, 13.09.2020 14:01
Mathematics, 13.09.2020 14:01
Mathematics, 13.09.2020 14:01
Mathematics, 13.09.2020 14:01
Mathematics, 13.09.2020 14:01