User Account

All Pages

What would be the terms of trade

Assignment Help Business Economics
Reference no: EM13836585

Assume that country A can produce a unit of good X with 1 labor hour and a unit of good Y with 3 labor hours. Country B can produce a unit of good X with 2 labor hours and a unit of good Y with 8 labor hours. Labor is the only resource used. What would be the terms of trade for 1 unit of good X?

Reference no: EM13836585

Questions Cloud

Affordable health care act centre on the efficiency : Many would argue that in a capitalistic economy, the government cannot provide goods and services as efficiently as the private sector. For example, most arguments for and against the Affordable Health Care Act centre on the efficiency of the governm..
Increase in price generates : When a 2 percent increase in price generates a greater than 2 percent decrease in quantity demanded then:
Contributions to the production of total income : Should a nation's income be distributed to its members according to their contributions to the production of total income or according to the members' needs?
Income inequality equitable : Should society attempt to equalize income or economic opportunities? Are the issues of equity and equality in the distribution of income synonymous? To what degree, if any, is income inequality equitable?
What would be the terms of trade : Assume that country A can produce a unit of good X with 1 labor hour and a unit of good Y with 3 labor hours. Country B can produce a unit of good X with 2 labor hours and a unit of good Y with 8 labor hours. Labor is the only resource used. What wou..
Two firms produce in equilibrium : Consider a Stackelberg competition with one leader and multiple followers. All products are homogeneous. Marginal cost for all firms is zero and all products are homogeneous. If the leader produces a quantity of 6 units how much would each of the oth..
Australia commercial law : Question related to Australia Commercial Law Fresh Ltd need to raise finance for the expansion of its fresh food business. it is considering two options. 1 a pubic issue of redeemable preference shares 2 a loan from Strategic Finance Ltd
The fed choice of monetary policy strategy : The fed choice of monetary policy strategy is
Fight unemployment and close a recessionary gap the fed : Fight unemployment and close a recessionary gap the fed is

Reviews

Write a Review

Business Economics Questions & Answers

  Existence of money reduce the costs of making transactions

Explain how does the existence of money reduce the costs of making transactions, relative to a society based entirely on barter.

  Write down the long-run total cost as a function

Suppose that the cost of a unit of capital is r and the price of a unit of labor is w and the level of output is y. Write down the long-run total cost as a function of w, r, and y.

  Calculate the percentage change in nominal gdp

Calculate the percentage change in nominal gdp, real gdp and the gdp deflator in 2008 and 2009 from the preceding year. for each year identify the variable that does not change. explain in words why your answer make sense.

  Caring for workers

Several big companies offer employees time off during the workday to attend seminars on how to improve their health. Some even give bonuses to people who show that they are adopting healthy lifestyles through,

  Yields an improvement that has commercial value

Recall our example of an investment of $100,000 in research that yields a pioneering invention that has no commercial value, and a subsequent investment of $50,000 in development that yields an improvement that has commercial value of $1 million.

  What must the cfo have expected

What must the CFO have expected about the value of the British pound in $ today to believe that investment in British CD's was more profitable than investment in US CD's last July?

  Compute the profit-maximizing level of price and output

If this industry acts like a monopolist in the determination of price and output, compute the profit-maximizing level of price and output

  Substitution also income effect which would result

Elucidate using a diagram the substitution also income effect which would result from a change in the price of a normal good.

  What circumstances should the debtor nation

Under illustrate what circumstances should the debtor nation status of the United States (US) be a concern.

  Regression model to estimate the demand

General Cereals is using a regression model to estimate the demand as well as for Twee tie Sweeties, a whistle-shaped, sugar coated breakfast cereal for children.

  Raise revenues to fund public projects like schools

Governments often need to raise revenues to fund public projects like schools, road maintenance, parks, etc. One way governments raise revenue is to place taxes on the sale of certain goods. Suppose a government is debating whether to raise taxes on ..

  What is my opportunity cost of opening a restaurant

I am also going to invest $ 100000 of my saings which were earning an average annual rate of 6 % what is my opportunity cost of opening a restaurant?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd