In: Economics
Assume that the US and Mexico both have two different industry
sectors. The first sector produces raw materials and the second
sector assembles products based on the raw materials.Both sectors
in both countries use only two input factors - unskilled labor and
skilled labor.Both factors are mobile. The assembly sector uses
unskilled labor intensively. The sector that produces raw materials
uses skilled labor intensively. Without trade the US has a larger
relative supply of raw materials to assembled products than Mexico.
Countries do not differwith respect to demand.Answer all following
questions using the Heckscher-Ohlin model.a) Relative prices:
a1) Without trade, is the relative price for raw materials to
assembled products, i.e.,Pr/Pa, higher in the US or in Mexico?
Briefly explain your answer (1-2 sentences are expected).(2
pts)
a2) Assume both countries open for trade. Compare the world
relative price for raw materials to assembled products to the
relative prices that result without trade inboth countries. Briefly
explain your answer (1-2 sentences are expected).
b) Exports:
b1) Which good is exported by the US? Which good is exported by
Mexico? Brieflyexplain your answer (1-2 sentences are expected).(2
pts)
b2) Which input factor is abundant in the US? Which input factor is
abundant in Mexico? Refer to one of the theorems that we have
discussed in chapter 5 tosupport your answer.(2 pts
In: Economics
1) Discuss the “hegemonic stability” theory and its practices (in case of) within the international relations system.
2)Discuss the arguments of Robert Cox regarding the international relations system. Do you agree with him? Why/why not?
3) Do we witness a struggle currently for the hegemony
within international relations system? Write the facts-samples to
prove your argument
In: Economics
The next three questions deal with the following situation:
There are two
nations, Perelandra and Malacandra. They produce two goods: gold
and sulfur. In
a single year, Perelandra can produce 5,000 tons of gold and 2,000
tons of sulfur. In
the same period of time, Malacandra can produce 5,000 tons of gold
and 10,000 tons of
sulfur.
7. Which of the following statements is true?
(A) Perelandra has comparative advantage in gold, and absolute
advantage in gold.
(B) Perelandra has comparative advantage in sulfur, and absolute
advantage in sulfur.
(C) Malacandra has absolute advantage in gold, and comparative
advantage in gold.
(D) Malacandra has absolute advantage in sulfur, and comparative
advantage in sulfur.
8. Assume that both nations are productively efficient, and they
each have a constant
Marginal Rate of Transformation. Initially, before trade,
Perelandra makes 1,000 tons
of sulfur. How many tons of gold does Perelandra produce?
(A) 2,000.
(B) 2,500.
(C) 500.
(D) 3,000.
9. Assume that each nation specializes solely in the good for
which it has comparative
advantage. Which of the following would be a benecial trade?
(A) Perelandra gives Malacandra 500 tons of gold in exchange for
300 tons of sulfur.
(B) Perelandra gives Malacandra 500 tons of gold in exchange for
100 tons of sulfur.
(C) Perelandra gives Malacandra 500 tons of sulfur in exchange for
500 tons of gold.
(D) None of the above.
In: Economics
)Discuss the arguments of Robert Cox regarding the international relations system. Do you agree with him? Why/why not
In: Economics
Explain the difference between fixed-production technology and variable technology. Should the government set a goal of reducing the marginal social cost of pollution to zero in industries with-fixed production technology? Should they do that in industries with variable technology?
In: Economics
A key role of government is to protect the well-being of its people – especially during emergencies such as the recent outbreak of the coronavirus. Discuss the macroeconomic impacts of the coronavirus, showing how policymakers may respond to such an exogenous shock
In: Economics
Our world has changed in many areas of the economy since the end of February. It has been many, many years since the United States has seen the shortages and surpluses that we have experienced recently. For your discussion forum this week, pick one of those areas where there has been a shortage, or a surplus. Explain how the changes in equilibrium were affected by demand and/or supply shifts. What happened to prices of that product? Has it changed anything about the way consumers shop or manufacturers produce that product?
In: Economics
(a) Graphically using the IS-LM diagram and then intuitively, explain why did European countries refrain from using fiscal stimulus to combat the global economic crisis in 2008-10?
In: Economics
Suppose your grade in one of your classes is hovering between an A and B. How would you apply the seven steps in the personal selling process to convince your professor that you deserve an A?
In: Economics
QUESTION 4: FISCAL POLICY
“On 30 March, the Government announced the $130 billion JobKeeper Payment to help keep Australians in jobs as we deal with the significant economic impact from the Coronavirus. This brings the Government’s total support for the economy to $320 billion ... representing 16.4 per cent of annual GDP.” (The Treasury, 2020).
Explain why this is an appropriate fiscal policy response from the Australian government in the current economic climate.
300-400 words please
In: Economics
QUESTION 5: INTERNATIONAL TRADE
“Although misguided, fears of an open economy are understandable in the current environment. Open economies have lifted billions of people out of poverty and have immeasurably increased the living standards of Australians. But they also mean that global shocks and even problems in one country can quickly become a problem in ours. This is the downside of openness, and we are currently living it. But while some wariness is understandable, this should not blind us to the long-run benefits of openness, particularly when it will be so vital to our recovery.” (Trigg, April 9 2020)
Discuss the economic basis of international trade and why international trade is considered an important driver to economic recovery for Australia post CoVID-19.
300-400 words please
In: Economics
QUESTION 2: UNEMPLOYMENT AND INFLATION
Even when the economy has a strong economic growth rate there will always be some unemployment in the economy.
(i) Identify the types of unemployment that are being referred
to above.
(ii) Discuss an appropriate government policy response to decrease
the unemployment types identified in (i).
300-400 words please
In: Economics
QUESTION 3: MONETARY POLICY
“There is considerable uncertainty about the near-term outlook for the Australian economy. Much will depend on the success of the efforts to contain the virus and how long the social distancing measures need to remain in place. A very large economic contraction is, however, expected to be recorded in the June quarter and the unemployment rate is expected to increase to its highest level for many years.” (Lowe, 2020)
Given the RBAs view of the economy, explain what actions they could take. In your answer focus on the interest rate, consumption and investment.
300-400 words please
In: Economics
Explain how has technology changed the learning system? It has to be an argumentative essay. Need argumentative details for 3 body paragraph's and
Also need a introduction
Introduction to how technology got introduced to schools and students.
.
ASAP!!!
Thesis: The importance of technology in the classroom can increase educational productivity by accelerating the rate of learning, reducing costs associated with instructional materials or program delivery and, and better-utilizing teacher time.
In: Economics