Which of given can lead to reversal of country trade pattern

Assignment Help Financial Econometrics

Reference no: EM131212441

Which of the following can lead to a reversal of the country's trade pattern (that is, a shift in which a previously exported good becomes an imported good or a previously imported good becomes an exported good)? Consider each separately. Explain each.

a. Growth in the country's total supply (endowment) of the factor that is initially scarce in the country.

b. International diffusion of technology.

c. Shifting tastes of the country's consumers.

Reference no: EM131212441

Questions Cloud

Show that heat is a path path function : Show that heat is a path path function and not a property of system

Produce the plasti-brack product line : Analyze the processes that are used to produce the Plasti-Brack product line. Determine appropriate productivity measures and then develop a productivity & process improvement plan. Justify your plan. Write a report to the VP of Operations.

Which characters were involved and who was making the choice : Describe the situation. Which characters were involved? Who was making the choices? Was the choice ethical or unethical according to Your own set of ethics.

Calculate consumer surplus for single visit to the new park : Based on demographic information about the people living in the vicinity of the proposed park, you have estimated that 50,000 people will take an average of four hiking trips per year. For the average person

Which of given can lead to reversal of country trade pattern : Which of the following can lead to a reversal of the country's trade pattern? - Growth in the country's total supply (endowment) of the factor that is initially scarce in the country.

How did the presenter create a file of his scan results : How did the presenter create a file of his scan results? Specify the exact Linux distro the presenter using in this video! And how did he delete a file? In short, what did the presenter meant by "Grepable" output?

Demonstrate course-related knowledge : Each thread must be 250-350 words, demonstrate course-related knowledge, and include at least 2 scholarly research sources and at least 1 biblical integration. The authored references must be cited within the thread

What is the direction of the change in given price ratio : What is the effect on the shape and position of the U.S. production-possibility curve? - What is the effect on the actual production quantities in the United States if the product price ratio is unchanged? Explain.

Introduced in court as evidence : Digital photography has been criticized because the images can be easily manipulated with computer software programs. Since crime scene photographs are introduced in court as evidence, the authenticity of digital images has become an issue of admi..

User Account

All Pages