Reference no: EM13752457
1. Explain the so-called "Ricardian" model of international trade, including its assumptions, and use this model to explain why and how both of the two countries considered countries gain from free trade between them. What determines the relative extent of these gains?
2. Explain the so-called "Heckscher-Ohlin" (H-0) model of trade, including its assumptions, and use this model to explain: a) what determines the pattern of trade - i.e. which country exports which good?; b) how, in this model, wage and profit rates will tend to equalize; and c) what conditions could falsify either or both of these conclusions?
3. Explain how a tariff imposed by a "small" country on its imported good causes a loss of real income, in the sense of: a) less efficient resource allocation; and b) lower utility, or "well-being" on the part of consumers. Go on to compare this to the alternatives of: 1) a quota, and 2): a subsidy.
4. Based on class discussions and your reading, discuss as many of the arguments against free trade as you can, and assess their "validity": i.e., the extent to which they make sense from a national point of view.
|
free will and determinism
: Select and briefly define one of the three positions on free will and determinism that we have discussed them in class: incompatibilist determinism, incompatibilist libertarianism or compatibilism.
|
|
Analyze the internal environment of the company
: From the e-Activity, analyze the internal environment of the company you researched to determine that company's strengths and weaknesses.
|
|
The following is not a way to manage stress in a healthy way
: Stress can be defined as the process by which we perceive and respond to situations that challenge or threaten us. Which of the following is not a way to manage stress in a healthy way
|
|
Explain the arson investigator for the police department
: explain, in detail, what actions should you take as the arson investigator for the police department?
|
|
Explain the so-called ricardian model of international trade
: Explain the so-called "Ricardian" model of international trade, including its assumptions, and use this model to explain why and how both of the two countries considered countries gain from free trade between them. What determines the relative ext..
|
|
Fundamental decision of financial management
: Which of the following is not a Fundamental Decision of Financial Management. Which of the following is least likely to be part of an Annual Report?
|
|
An individual retirement account
: An individual retirement account, or IRA, earns tax-deferred interest and allows the owner TO INVESTarrow-10x10.png up to $5000 each year. Joe and Jill both will make IRA deposits for 30 years (from age 35 to 65) into stock mutual funds yielding 9.6%..
|
|
Method of accounting for federal income tax purposes
: Emerald Corporation is required to change its method of accounting for Federal income tax purposes. The change will require an adjustment to income to be made over three tax periods. Jonas, the sole shareholder of Emerald Corporation, wants to better..
|
|
Write research paper about health fitness or nutrition
: Write research paper about health, fitness, or nutrition
|