User Account

All Pages

Could trade help decrease poverty in brazil and other

Assignment Help Microeconomics
Reference no: EM13393923

Suppose that there are two products: clothing and soda. Both Brazil and the United States produce each product. Brazil produces 100,000 units of clothing per year and 50,000 cans of soda. The United States produces 65,000 units of clothing per year and 250,000 cans of soda. Assume that costs remain constant.

  • What would be the production possibility frontiers for Brazil and the United States?
    • Without trade, the United States produces 45,000 units of clothing and 150,000 cans of soda.
    • Without trade, Brazil produces 75,000 units of clothing and 30,000 cans of soda.
    • Denote these points on each other's production possibility frontier.
  • What is the marginal transformation rate for each country?
    • Should the two countries specialize and trade?
    • If so, who has the comparative advantage in what product?
    • Once they specialize, how much does output increase?
  • What are the terms of trade if the United States trades 1 can of soda for 5 units of clothing?
    • Are the consumers in each country better off?
  • What is the labor-intensive good?
  • What is the labor-abundant country?
  • What is the capital-abundant country?
  • Could trade help reduce poverty in Brazil and other developing countries?
  • How do product and factor prices and wages eventually equalize between the two countries?

Reference no: EM13393923

Questions Cloud

Determine the bond proceeds from january first 2014 was : determine the bond proceeds from january first 2014 was the bond issued at a premium or discount or at par value? if
Multidomestic companies pursue different strategies in each : 1.which of the following statements about the service sector of the american economy is
1 describe sources of conflict within an organization 2 : 6-8 slides power point with speaker notes 200 - 250 words per slide excluding title and reference slideleaders must
Analyze the following list of accountswhich of the : examine the following list of accountsinterest payableaccumulated depreciation equipmentalex kenzy drawingaccounts
Could trade help decrease poverty in brazil and other : suppose that there are two products clothing and soda. both brazil and the united states produce each product. brazil
The following information relates to action sign company : the following information relates to action sign company for 20x2insurance expense4350prepaid insurance december 31
Coverage ratios sectors inc has an ebit of 7221643 and : 1.which one of the following statements about trend analysis is not correct?2.coverage ratios sectors inc. has an ebit
To keep decision making as decentralized as possible draft : deliverable length 4 or more blank forms minimum 1-page each a complete set of instructions for each form 200-300 words
In the period when costs are rising and inventory : in a period when costs are rising and inventory quantities are stable the inventory method that would result in the

Reviews

Write a Review

Microeconomics Questions & Answers

  Suppose all firms in a perfectly competitive industry have

suppose all firms in a perfectly competitive industry have the same short run labour demand curves. under what

  Limits for countrys ability to catch up with richer nation

Select a nation that has a low per capita income and discuss how the catch-up effect would work for that country. Consider the determinants of productivity and explain some of the things that would tend to prohibit or limit that country's ability ..

  1 costsan electricity company estimates that its variable

1 costsan electricity company estimates that its variable cost for producing electricity is given by the following ex-

  Find the role of peer review committee in a managed care

what is the role of the executive director in a managed care organization? could you see yourself practicing in this

  Find out sample correlation coefficient between all

the owner of showtime movie theaters inc. would like to estimate weekly gross revenue as a function of advertising

  Classify each of the unemployed individuals

Rusty Flapps, an airline pilot with Air Canada, suddenly finds himself laid off because of the dramatic decline in the demand for air transportation brought on by the terrorist attacks of 9/11 and the recent economic slowdown.

  What is least-cost input-combination of labor and capital

what is the least-cost input-combination of labor and capital and how much output is produced with that set of resources?

  Would you support or oppose the tuition increase and why

Smart University of Lafayette Indiana is a C.E.D. division of Smart University located in Gary Indiana. SU's goal is to maximize profits.. SU is currently maximizing the profit at SU of Lafayette by charging the profit-maximizing tuition rate. T..

  Graph demand curve for pecan pie does demand curve have

pecan pie demand. your friend helen b. carter has left school to open a bakery. she has done some market research and

  What happens to price and output in the cournot

FULL karma for complete and clear response. 1. Under what conditions are the Cournot and Bertrand equilibria the same 2. What happens to price and output in the Cournot, Bertrand and Stackelberg models if marginal costs increase by 10 percent

  Analyzing the current market conditions

Examining the current market situations of "Starbucks" competition can take many forms. value competition includes collusion, price leadership, loss leaders, price discrimination.

  Do economic trade policies today assist or hurt business

as a business owner you need to approach the issue of globalization and trade in context. with all the complicated

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd