Question about standard trade model

Assignment Help International Economics
Reference no: EM1376426

The Internet has permited for raised trade in services sch as programming and technical support, a development that has reduced the prices of such services relative to manufactured goods. India in particular has been recently viewed as an exporter of technology-based services, an area in which the United States had been a major exporter. Using manufacturing and services as tradable goods, create a standard trade model for the US and Indian economies that shows how relative price declines in exportable services that lead to the "outsourcing" of services can reduce welfare in the United States and increase welfare in India.

Reference no: EM1376426

Questions Cloud

Confidence intervals and point estimates : Differentiate the use of confidence intervals and point estimates in research applications and which one or both would be more useful in a business setting?
Qantas strategy on knowledge management : Explain Qantas's attitude to information management and determine its qantas strategy on knowledge management.
United states current account surplus : Determine which of the following transactions would contribute to a United States current account surplus and why?
International trade commission of us : It has been estimated by the United States International Trade Commission that Japanese automobile import restrictions during 1980s
Question about standard trade model : The Internet has permitted for raised trade in services such as programming and technical support, a development that has reduced the prices of such services relative to manufactured goods.
Examination of heckscher-ohlin model : The G-20 give a statement Saturday indicating developing country we unlikely to back off their demands that developed country's do away with subsides and tariff barriers from their farm items.
Discuss the loss in productivity of us : Suppose if the U.S. productivity growth does not keep up with that of its trading partners, the U.S. will quickly lose its international competitivesness and not be able to export any products, and its standard of living will fall.
Production technology of a self proclaimed infant industry : Assume that the production technology of a self proclaimed infant industry allows economies of scale. Assume also that the same technology is available to foreign manufactures.
Market for building commercial aircrafts : According to your reading, which market structure is more applicable for the market for building commercial aircrafts, when there are two major manufacturers of the commercial airplanes and little possibility of entry by new companies:

Reviews

Write a Review

International Economics Questions & Answers

  Predict the change of the exchange rate

The Economist reports that the interest rate per year is 5.93 percent in the United States and 70.00 percent in the Turkey,in the October 23, 1999 issue.

  Trade blocks impact on american business

As trade blocks continue to expand, what will be impact on American business, in terms of how businesses create value through integrating the production and distribution of goods, services, and information?

  Market failures situations

Company A manufacture cement sifters. The process includes melting of metals and chemicals which give sifters strength. In the manufacturing process, waste is produced and released into river that runs alongside of the plant.

  Determine market structure for commercial aircrafts

Based on your reading, which market structure is more applicable for the market for building commercial aircrafts, when there are two major manufacturers of the commercial airplanes and little possibility of entry by new firms:

  Determine the models used in economics

The problem of estimating what goods and services society should produce,  Determine the models used in economics

  Free trade and tax burden

Dicuss and describe the factors that determine who actually bears the burden of a tax increase on a specific goods, such as gasoline, cigarettes, or some other item.

  First versus second best conditions

The theory of the 2nd best leaves welfare economists high and dry since not only does it abolish established objectives of 1stbest situations,

  Approach to earn higher profits

Argyle is a huge, vertically integrated company that produces sweaters from a rare type of wool manufactured on its sheep farms. Argyle has adopted a approach of selling wool to firms that compete against it in the market for sweaters.

  Trade embargo on a country

Discuss why would a nation impose a trade embargo on another nation and what are a trade embargo's typical effects?

  How productivity and income affect exchange rates

Discuss and explain the difference between comparative advantage and absolute advantage. Also, provide some specific example so I can understand the difference.

  Us international trade commission question

It has been estimated through the United State International Trade Commission that the Japanese automobile import restrictions during the 1980s

  Determine the size of the national debt

Find the current state of the dollar versus other international currencies? What has been trend for the last six months and  Determine the size of the national debt?

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!

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