Reference no: EM131423397
Question 1
Answer the following questions on International Trade.
a) Why do countries place restrictions on international trade?
b) Suppose the United States imposes a quota on copper imports. Explain who would benefit from the tariff and who would be hurt by the tariff and why.
c) Why does the United States not have an absolute advantage in coffee?
Question 2
France and Tunisia both have Mediterranean climates that are excellent for producing/harvesting green beans and tomatoes. In France it takes two hours for each worker to harvest green beans and two hours to harvest a tomato. Tunisian workers need only one hour to harvest the tomatoes but four hours to harvest green beans. Assume there are only two workers, one in each country, and each works 40 hours a week.
a) Draw a production possibilities frontier for each country. Hint: Remember the production possibility frontier is the maximum that all workers can produce at a unit of time which, in this problem, is a week.
Question 3
If trade increases world GDP by 1% per year, what is the global impact of this increase over 10 years? How does this increase compare to the annual GDP of a country like Sri Lanka? Discuss.
Hint: To answer this question, here are steps you may want to consider.
1. Go to the World Development Indicators (online) published by the World Bank.
2. Find the current level of World GDP in constant international dollars. Also, find the GDP of Sri Lanka in constant international dollars.
3. Once you have these two numbers, compute the amount the additional increase in global incomes due to trade and compare that number to Sri Lanka's GDP.
Question 4
Answer the following questions from Globalization and Protectionism.
a) Who does protectionism protect? What does it protect them from?
b) How does protectionism affect the price of the protected good in the domestic market?
c) What is dumping? Why does prohibiting it often work better in theory than in practice?
d) Why is trade a good thing if some people lose?
|
What is the effect of multiplying the sample sizes by 4
: Compare the results for this exercise with those that you found in the previous exercise. What is the effect of multiplying the sample sizes by 4?
|
|
Compute helio’s ending inventory and net income for 2011
: Many of the items in the company's inventory at the end of 2011 were judged to be outdated, and on average the market value of the remaining inventory was estimated at $1.50 per item.
|
|
Environmental awareness and organizational sustainability
: "Environmental Awareness and Organizational Sustainability" Please respond to the following: Determine the major effects that an organization's environmental awareness has on its sustainability
|
|
Integrated marketing plans include marcom strategy
: Today's integrated marketing plans include a marcom strategy, an online strategy and a promotion strategy. Answer these questions in your 200-300 word discussion thread using real-world examples. What are the various activities included in each of th..
|
|
Why do countries place restrictions on international trade
: Why do countries place restrictions on international trade? Suppose the United States imposes a quota on copper imports. Explain who would benefit from the tariff and who would be hurt by the tariff and why.
|
|
Analyze the cost-quality paradigm noted in the articles
: The Department of Health and Human Services has oversight of several agencies (i.e., FDA, CDC, AHRQ, NIH, CMS) that regulate health care in the United States. Regulation encompasses insurance plans, cost, research, safety, all in the name of deliv..
|
|
Present information so correct perspective is reflected
: Imagine that you have been asked to produce a presentation in PowerPoint at work based on data you have been provided. How does integrity affect how you present information so a correct perspective is reflected?
|
|
Which internal environmental factor was kim utilizing
: Kim interviewed prospective new employees for ten new jobs in her company. Which internal environmental factor was Kim utilizing? What does one call the organization’s purpose or reason for being?
|
|
What are the two types of unemployment problems
: What other factors, aside from labor productivity, capital investment, and technology, impact the economic growth of a country? How? What are the two types of unemployment problems?
|