Reference no: EM13846506
Specific Factors Model
Consider a country that produces shirts and autos. Shirts are produced with sewing machines (specific factor) and labor while autos are produced using robots (specific factor) and labor. Labor is mobile between industries. The country is initially in autarky (no trade) and then goes to trade, which causes the relative price of autos in terms of shirts to increase.
Problem 1: Show how going to international trade affects the budget constraint of a laborer. Use the Beaker diagram and make sure to reference marginal products in your answer.
Problem 2: Show how going to international trade affects the budget constraint of the owner of a robot. Make sure to reference marginal products in your answer.
Heckscher-Ohlin Model
Home (H) and Foreign (F) produce autos and shirts using capital (K) and labor (L). Autos are capital intensive relative to shirts. Home is endowed with 500 units of capital and 200 units of labor while Foreign is endowed with 100 units of capital and 50 units of labor. All the other Heckscher-Ohlin assumptions hold.
Problem 3: Draw a PPF-Budget Constraint-Indifference Curve diagram for each country that shows the autarky (no-trade) equilibrium, indicate what the country is producing and consuming in each equilibrium and the relative prices in this equilibrium.
Problem 4: Draw a PPF-Budget Constraint-Indifference Curve diagram for each country that shows the free trade equilibrium, indicate what the country is producing and consuming in each equilibrium and the relative prices in this equilibrium.
Problem 5: Suppose the two countries are trading. Then, activists in H succeed in banning trade. What happens to the real income of labor in F? Use the appropriate diagram in your answer.
|
Completing the managerial roles gap analysis
: What did you learn from completing the "Managerial Roles Gap Analysis" and which of Mintzberg's managerial roles are most important for managing in complex, changing workplace environme Why?
|
|
Differences between childbearing practices
: Submit a 1,000-1,500-word essay on the differences between childbearing practices. These can include hypnobirthing, medical childbirth, cesarean, and others
|
|
How you would implement such a program logistically
: Finally, you will discuss how you would implement such a program logistically (e.g., who specifically would you target for your program and why? Where would this program be based?)
|
|
Compute the amount of ginas tax liability
: Gina Lewis, age 12, is claimed as a dependent on her parent's return. She is their only child. During 2014, she earned $2,300 from a summer job. Compute the amount of Gina's tax liability for 2014.
|
|
Specific factors model-heckscher-ohlin model
: Consider a country that produces shirts and autos. Shirts are produced with sewing machines (specific factor) and labor while autos are produced using robots (specific factor) and labor. Labor is mobile between industries. The country is initially..
|
|
Increasing of ageing population
: The increasing of ageing population might lead to certain issues; the first one we need to face will be the public debt. Ageing population when they retired, the consumption exceeds income and investments will exceed Savings.
|
|
Create a plan for reducing sti or hiv transmission
: Create a plan for reducing STI or HIV transmission. The plan should address: The variables your group will try to affect. The target audience. The methods your group would use
|
|
What is erin and adams tax liability
: What is Erin and Adam's tax liability if they file a joint return? What is Erin and Adam's total tax liability if they file separate returns and Adam's parents claim him as a dependent?
|
|
Problem regarding the general unemployment
: 1. The following information is for the US economy in 1998: Find the US labor force, the number unemployed and the unemployment rate for 1998. Numbers are in millions
|