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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?
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 refers to the fact the best-educated workersa. often emigrate to
What happens when there is a surplus of imports brought into the U.S.? What are foreign exchange rates? How are they determined?
Is supply elastic or inelastic - Describe at least one factor that determines Price elasticity of supply (note, this is different than PE of Demand).
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.
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.
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 suppose the economy's aggregate supply curve is stable, how would an increase in aggregate demand affect the unemployment rate and the inflation rate?
The primary costs of FDI to host countries are and What are the benefits of FDI to home countries
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?
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.
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)
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