What kind of products might belgium export to france

Assignment Help International Economics
Reference no: EM132177962

Question: 1. Explain the difference between the price and the physical definitions of factor abundance. When could they give conflicting answers about which factor is the abundant factor?

2. If the K/land ratio for Belgium is higher than that for France, what kind of products might Belgium export to France? Why?

3. Suppose that the K/L ratio is higher in France than in Spain. What would you expect to happen to wages in France as trade took place between the two countries? Why?

Reference no: EM132177962

Questions Cloud

Develop and implement performance management processes : Explain why it is necessary to develop and implement performance management processes or systems and why performance evaluations are necessary.
Knowledge management might change in the future : Study how knowledge is being managed at your place of work at present time, examine whether Web 2.0 technologies are being used
What key question can you develop from the content presented : State as accurately as possible the video's purpose for presenting this information. Explain your analysis/answer in five (5) or more sentences.
What impact would the threat of imports have on a monopolist : It has been argued that opening a country to international trade is a great "antitrust" policy. What impact would the threat of imports have on a monopolist.
What kind of products might belgium export to france : If the K/land ratio for Belgium is higher than that for France, what kind of products might Belgium export to France? Why?
Calculate the commodity and the income terms of trade : You have the following information for a country for 2010, with all price indexes utilizing 2000 as the base year: The export price index is 120.
Determine-articulate various routes to internationalization : Determine and articulate the various routes to internationalization Zain Group Organization may have adopted, including key barriers?
What biblical principles are applicable here : Social Engineering and Advanced Persistent Threats - What biblical principles are applicable here? What would you recommend and why
Describe the likely shapes of the offer curves : In the past, the members of OPEC have been able to raise the relative price of petroleum by a large amount with a relatively small decrease in export volume.

Reviews

Write a Review

International Economics Questions & Answers

  What wages in frances steel industry

Greece has few workers per unit of land while France has many workers per unit of land. Steel is labor intensive and rice is land intensive. According to the long run Heckscher-Ohlin model. The price of land use in Frances steel industry.

  1 the brain drain problem in the developing countries

1. the brain drain problem in the developing countries refers to the fact the best-educated workersa. often emigrate to

  What are foreign exchange rates and how are they determined

What happens when there is a surplus of imports brought into the U.S.? What are foreign exchange rates? How are they determined?

  Determine price elasticity of supply

Is supply elastic or inelastic - Describe at least one factor that determines Price elasticity of supply (note, this is different than PE of Demand).

  Explain the differences between ifrs and gaap

International Financial Reporting Standards (IFRS) are a set of accounting standards developed by the International Accounting Standards Board (IASB). Explain the differences between IFRS and GAAP.

  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.

  How both rates of employment and unemployment have fallen

The question is belongs to Economics and it is explain about how both the rates of employment and unemployment have fallen between 2011 and 2012.

  Define phillips curve

Define Phillips curve suppose the economy's aggregate supply curve is stable, how would an increase in aggregate demand affect the unemployment rate and the inflation rate?

  What are the benefits of fdi to home countries

The primary costs of FDI to host countries are and What are the benefits of FDI to home countries

  What is your view on the globalisation debate

Given the situation that the world economy has not yet fully recovered from the most severe financial crisis and economic recession for many decades, what is your view on the globalisation debate?

  Determine who trades most with whom and why

Why are common borders and cultural similarities often an additional factor to determine who trades most with whom and why? Use your knowledge of the gravity model to justify your answer through two suitable examples.

  Determine level of output equal to that of united states

In 2006, U.S. output was $13.2 trillion, and Chinese output was $2.8 trillion. Suppose that from now on, the output of China grows at an annual rate of 8.8% per year (roughly what it has done during the past decade)

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