Why might nations not wish to specialize even

Assignment Help Microeconomics

Reference no: EM132180401

Question: 1. In what circumstances will a country have a comparative advantage in producing a particular good despite having an absolute disadvantage in producing that good?

2. Why might nations not wish to specialize even when they have a comparative advantage in the production of some goods com-pared with other countries?

Reference no: EM132180401

Questions Cloud

Marriott to employ this strategy : Identify Porter's generic strategy and explain what activities allow Marriott to employ this strategy.

Equal credit opportunity act : Explain whether a court would find that the bank violated the Equal Credit Opportunity Act.

Are forecasts based on rational expectations always correct : Are forecasts based on rational expectations always correct? Why might the theory of rational expectations be more relevant in explaining the behavior.

Identify characteristics of LGEs human resources strategy : Explain the organization and purpose of chaebols. Identify the characteristics of LGE’s human resources strategy.

Why might nations not wish to specialize even : Why might nations not wish to specialize even when they have a comparative advantage in the production of some goods com-pared with other countries?

Why do you think mncs continuously assess possible forms : Why do you think MNCs continuously assess possible forms of multinational restructuring, such as foreign acquisitions or downsizing.

Why is a banking sector important for developing countries : Why is an efficient banking sector important for developing countries? Why is unemployment disguised; when a worker's marginal product is zero?

Thoughts on the need for stronger laws : What are your thoughts on the need for stronger laws and stiffer penalties for causing the environment harm through negligence?

Examine the economic and social effects of under-development : With reference to a particular country, examine the economic and social effects of under-development. With reference to a particular country.

User Account

All Pages