8. The factor-price equalization theory and transportation costs

Which of the following statements about the factor-price equalization theory and the effects of transportation costs are correct? Check all that apply.

In trading nations, the cheap resource becomes even less expensive, and the expensive resource becomes even more expensive, which facilitates the growth of trade.

Differences in transportation costs across countries are a source of comparative advantage.

The factor-endowment theory accounts for transportation costs and other trade barriers.

When nations trade, the cheap resource becomes relatively more expensive, and the expensive resource becomes relatively less expensive, until price equalization occurs.

Which of the following statements about transportation costs are correct? Check all that apply.

When transportation costs rise, markets tend to substitute goods that are from closer locations.

Transportation costs have declined due to technological improvements for transporting goods.

International transportation costs are increasing everywhere in the world except in the United States.

Since the 1960s, transportation costs, as a percentage of the value of all U.S. imports, increased twofold.

The decline in the U.S. relative cost of international transportation has contributed to a higher volume of trade.

Russia pulled out of Afghanistan in 1989 after a 10 year war. What effect did this have on globalization ?

How did the major commercial centers in the Afro-Eurasian world foster commercial exchange and establish a new commercial class?

( 1 ) What were the critical historic events ( or policy changes ) that propelled ( changed ) the former "Communist China" into the "modern China" as we know it by now? ( From massive famine to World's #2 economy ).

Give specific examples ( events ).

identify the primary justifications underlying shareholder theory and stakeholder theory. Thereafter, discuss and analyze the strengths and weaknesses of these competing theories. Additionally, you may, but are not required to render a reasoned opinion as to whether you deem the shareholder theory of stakeholder theory as best addressing how the corporation can pursue an ethical course of business. Alternatively, you may reject both theories as to the best course of action and propose a hybrid theory of corporate governance that you conclude best fulfills the goal of private corporations acting ethically.

1. Come up with an example for “market equilibrium” from your everyday life, and briefly explain how this equilibrium can be achieved.
2. Use an example to explain the difference between demand and quantity demanded.

Find A News Article Related To The Strategy of International Business And Give A Brief Description Of The Article Also Give Your Opinion. Please Give Article Name Or Link.

• The utilization of marijuana for medical purposes in Ohio was approved in 2016 in House Bill (HB) 523. Although the program was set to begin September 8, 2018, numerous setbacks pushed back this commencement date, and medical marijuana finally became available for purchase in Ohio in January of 2019. Beyond the supposed medical benefits, many proponents of the bill argued medical marijuana could provide a boost to the state’s economy. What were some of the projections regarding the economic impact of HB 523? Given the data gathered so far, do economists still believe these impacts will come to fruition?

please add some sources/references

1. How did the concept of Joint-Stock companies pave the way for Capitalism?

2.How would the role of government in this era (1450-1750) be described regarding economic activities? How are they linked?

Locate a recent article (published within the last year) that discusses fiscal policy and whether the U.S. economy is in an inflationary or recessionary gap.

• Interpret recessionary and expansionary gaps within the economy.
• Explain the inter-workings of fiscal policy tools.
• State how taxation and government spending works.
• Differentiate between fiscal and monetary policy.
• Demonstrate the mechanics of discretionary fiscal policy within the Keynesian framework.

A family is considering installing a household solar energy system. The system has an installed cost of $1700 and they reduce the homeowner’s energy bill by $400 per year. The residual value of the solar panels is $150 at the end of their 5-year life. What is the annual effective IRR of this investment? Assume the family has a MARR of 10%. Please use the interpolation method and only fill in the number of your calculated result in the blank, e.g., if the result is 7.537%, fill in “7.54”; also keep 2 digits after the decimal point.

Question 2 (1 point)

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Your aunt tells you that she will give you $100 today. However, if you are willing to wait, she will give you $105 in one year. You are convinced your aunt will follow through, so there is no risk in waiting. In this case,

Question 2 options:

Question 8 (1 point)

Your friend needs a loan now and is willing to pay you back $150 in 1 year and another $150 in 2 years. (i.e. you will receive both payments) How much are you willing to lend your friend now if you want an interest rate of 6%?

Question 8 options:

Looking at the company you now work at, where you previously worked, or where a spouse/friend/relative works, which of the 3 basic strategies is employed to keep profits from eroding?

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a. Are preferred over lists
b. Are a non-price rationing mechanism
c. Involve opportunity cost
d. Both b and c
e. All of the above