Explain how india is relatively abundant in skilled labor

Reference no: EM13176815

Assume that:

a. The U.S. is relatively Capital Abundant.

b. India is relatively abundant in Skilled Labor.

c. Tractors utilize capital relatively intensively.

d. Computer software utilizes skilled labor relatively intensively.

If trade between the U.S. and India is free, which good will the U.S. export and which will it import? What will happen to production of the two goods (increase or decrease) in the U.S? Explain your reasoning.

Reference no: EM13176815

Questions Cloud

Why international trade economists find invalid the argument : For example, if the U.S. sold cars in Japan in addition to Japanese cars being imported into the U.S., that would be cross-hauling. Trade statistics show that many commodities are cross-hauled.

State which resonance structure is the major contributor : show the flow of electrons and predict which resonance structure is the major contributor

Explain complex assembly operation : In a complex assembly operation, it is found that the learning curve rate is 70%. The standard time of 3 minutes per assembly is reached after the 110th unit. Find i. The time required for the very first unit.

State the most probable distance of the innermost electrons : Its atomic number was believed to be 126. What is the most probable distance of the innermost electrons from the nucleus of an atom of this element?

Explain how india is relatively abundant in skilled labor : Computer software utilizes skilled labor relatively intensively.If trade between the U.S. and India is free, which good will the U.S. export and which will it import? What will happen to production of the two goods (increase or decrease) in the U...

State the oxidizing agent and reducing agent in the reaction : Identify the oxidizing agent and reducing agent in the reaction. give breif rational for how this answer is arrived

Phenyl acetate and benzyl alchol from an alumina column : Predict and explain the order of elution (fastest to slowest) of benzoic acid , biphenyl, phenyl acetate and benzyl alchol from an alumina column

Define exchange currency for deposits : In the classical model with fixed income a decrease in the real interest rate could be the result of a(n): If currency held by the public equals $100 billion, reserves held by banks equal $50 billion, and bank deposits equal $500 billion, then the ..

State base-promoted hydrolysis of methyl mesitoate : (a) Can you suggest a reason that accounts for this unusual behavior? (b) Suggest an experiment with labeled compounds that would confirm this mode of attack.

User Account

All Pages