What will be the per capita real incomes of a and b

Assignment Help International Economics

Reference no: EM131076083

International Economics Assignment

Q1. Carefully set up the simple two-good general equilibrium model for a "small country," then show how a shift from isolation to free trade improves national welfare. Highlight international trade's gains both from exchange and from specialization.Fully explain the shifts and lines you make.

Q2. Set up Heckscher-Ohlin model of international trade and show how the export of one country is the import of the other country and explain each step fully.

Q3. 1. Assuming that the initial value of $100 grows at a rate of 7.2 percent, what is the value after:

a. 1 year?

b. 10 years?

Q4. Suppose two economies, A and B, start out with the same very low per capita real incomes of $1,000, but A grows at 1 percent per year and B grows at 2 percent. What will be the per capita real incomes of A and B after:

a. 1 year?

b. 10 years?

Reference no: EM131076083

Questions Cloud

Important to reduce one carbon footprint : Nowadays it is very important to reduce one's carbon "footprint" (how much carbon we produce in our daily lifestyles). Minimizing the use of fossil fuels and instead resorting to renewable sources of energy. What is the annual effective IRR of this i..

Demonstrate the use of linq : Design, implement, test, and debug a C# program to demonstrate the use of LINQ. This program may be a console application or a Windows Forms application. No matter whether you choose to develop a Windows Forms application or a console application..

Offshore wind turbine reliability based design : The article "On Assessing the Accuracy of Offshore Wind Turbine ReliabilityBased Design Loads from the Environmental Contour Method" (Intl. J. of Offshore and Polar Engr., 2005: 132-140) proposes the Weibull distribution with α = 1.817 and ß = .8..

Coherence protocol implementation : If we instead implement a directory based cache coherence protocol discussed in the last week, how many bits of state do we need in the entire system for the coherence protocol implementation?

What will be the per capita real incomes of a and b : ECON 321: International Economics Assignment. Suppose two economies, A and B, start out with the same very low per capita real incomes of $1,000, but A grows at 1 percent per year and B grows at 2 percent. What will be the per capita real incomes o..

What was the problem with the way nations were claiming land : In the 1500s European nations began sending explorers to claim land in America. What was the problem with the way the nation's were claiming land?

Problem regarding the cloud profitability : In a two-page paper, discuss whether or not there are cost benefits to cloud computing using specific examples. Be sure to include at least three reference sources. APA rules for formatting, quoting, paraphrasing, citing, and listing of sources a..

Construct a clean and concise er diagram for nhl database : Construct a clean and concise ER diagram for the NHL database.

The mean value and standard deviation of lifetime : The authors of the article from which the data in Exercise 1.27 was extracted suggested that a reasonable probability model for drill lifetime was a lognormal distribution with µ = 4.5 an σ = .8. a.

User Account

All Pages