The same effect on factor income distribution

Assignment Help Business Economics
Reference no: EM131244446

It has been argued that the effect of trade in goods and services has the same effect on factor income distribution in a country as would be the case if factors were completely mobile internationally. What is the reasoning behind this argument?

Reference no: EM131244446

Questions Cloud

What is the most you can purchase of cereal : Assume that you have a budget of $30 to spend on milk and cereal only. The price of milk is PM = $5 and the price of cereal is PC = $3.50. What is the most you can purchase of cereal? What is the slope of the budget constraint?
Disagreeing due to differences in scientific judgment : Which of the following statements is an example from the video of economists disagreeing due to differences in scientific judgment? President Obama chose Bernanke for another term even after he was chosen by Republican President George Bush.
Violate one of the assumptions underlying utility theory : Daniel consumes food and newspapers. Given that these are the only two goods he consumes, it is possible for both food and newspapers to be inferior goods for Daniel. Sister Prudence, a nun in the Dominican order (a Catholic religious order), has tak..
Demand curve or movement along demand curve : Sort the following scenarios according to whether they would cause a shift in the demand curve or movement along a demand curve.
The same effect on factor income distribution : It has been argued that the effect of trade in goods and services has the same effect on factor income distribution in a country as would be the case if factors were completely mobile internationally. What is the reasoning behind this argument?
Created the context for widespread revolutionary upheaval : Discuss the ways in which the First World War, or the Great War, created the context for widespread revolutionary upheaval during and after the conflict. What was it about the war that led so many people around the world to rebel against their govern..
What stages or areas of global production-value chain : Fortune magazine conducts an annual survey and publishes the rankings of the World's Most Admired Companies. Locate the most recent publicly available ranking, follow the link to the best companies, and focus on the nine factors highlighted by Fortun..
A firm uses steel and aluminum to produce auto parts : A firm uses steel and aluminum to produce auto parts. The current input mix used by the firm is such that the marginal product of aluminum is equal to 800 units, while the marginal product of steel is equal to 500 units. what the concept of “ratio of..
What quantity should be sold to achieve this goal : The market demand for a gallon of ice-cream is P = 10 - .05Q. The producer wants to produce where the elasticity of demand is unity. What price should they charge and what quantity should be sold to achieve this goal?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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