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

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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