Explain theories of comparative advantage

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Reference no: EM1375212

2. How would each of the following theories of comparative advantage describe the fact that US exports computers?

a. Productivity differences
b. Factor abundance
c. Human Skills
d. Product life cycle
e. Preferences

13. Assume that the world value of kiwi fruit is $20 per case and the United States equilibrium price with no international trade is $35 per case. If the United States government had previously banned the import of kiwi fruit but then imposed a tariff of $5 per case and allowed kiwi imports, what would happen to the equilibrium price and quantity of kiwi fruit consumed in the United States?

Reference no: EM1375212

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