Question
In: Economics
4. For this problem, you will need information on the total land area of countries, the...
4. For this problem, you will need information on the total land area of countries, the % of land area that is arable, and the labor force (employed + unemployed, a measure of how many people are active in a labor market in a country). The World Bank compiles data on each economic variable below: Arable land: http://data.worldbank.org/indicator/AG.LND.ARBL.ZS Total land area: http://data.worldbank.org/indicator/AG.LND.TOTL.K2 Labor force: http://data.worldbank.org/indicator/SL.TLF.TOTL.IN We will focus on two countries: India and Ukraine. a. Compute the ratio of labor (labor force) to arable land (in square kilometers) in India and Ukraine. Which country is land-abundant? Which country is labor-abundant? Please use data from the year 2015. (8 points) b. Suppose there are two products: wheat and textiles. Wheat is land-intensive and textiles are labor-intensive. According to the Heckscher-Ohlin theory of trade, which country would export textiles? Which country would export wheat? (6 points) c. Examine the exports of each country using the following data compiled by MIT: India: https://atlas.media.mit.edu/en/profile/country/ind/ Ukraine: https://atlas.media.mit.edu/en/profile/country/ukr/ Do the exports of each country generally match the predictions of the Heckscher-Ohlin theory of trade? Hint: You may want to toggle HS2 under “depth” on the export diagram to get a better idea of the categories of products the countries export. (8 points)
Solutions
Rahul Sunny answered 2 years agoRelated Solutions
Building Type Land Area in Acres Living Area Total Assessed Land Value Total Assessed Parcel Value...
Building Type Land Area in Acres Living
Area Total Assessed Land Value Total
Assessed Parcel Value
Commercial 0.20860882 318 625900 730700
Commercial 0.21751607 3630 423700 741100
Commercial 5.5474977 59506 10253200 13547100
Commercial 0.18682277 3780 293300
460200
Commercial 0.55227273 22017 681300 1214000
Condominium 0 1776 0 579500
Condominium 0 1270 0 512100
Condominium 0 2076 0 578900
Condominium 0 1132 0 281800
Condominium 0 957 0 266800
Condominium 0 1128 0 481100
Condominium 0 1235 0 470400
Condominium 0 1264...
The following table gives the total area in square miles (land and water) of seven states....
The following table gives the total area in square miles (land
and water) of seven states. Complete parts (a) through (c).
State
Area
1
52,300
2
615,400
3
115,000
4
53,200
5
159,300
6
104,500
7
6,400
b. Which state is an outlier on the high end?
If you eliminate this state, what are the new mean and median
areas for this data set?
State
2
is an outlier on the high end.
The new mean is
81783
square miles....
The following table gives the total area in square miles (land and water) of seven states....
The following table gives the total area in square miles (land
and water) of seven states. Complete parts (a) through (c).
State Area
1 52,300
2 615,400
3 115,000
4 53,600
5 159,500
6 104,800
7 6,100
a. Find the mean area and median area for these
states.
The mean is __ square miles.
(Round to the nearest integer as needed.)
The median is ___ square miles.
b. Which state is an outlier on the high end?
If you eliminate...
4. Suppose that Denmark has a large trade surplus with the countries in the Euro Area....
4. Suppose that Denmark has a large trade surplus with the
countries in the Euro Area. Suppose that Denmark takes some steps
to allow its currency to appreciate respect to the Euro. What do
you expect to happen to the trade balance of Denmark with the Euro
countries? The answer should be based on the J-curve.
(a) The trade surplus increases (becomes larger) in both the
short run and in the long run. (b) The trade surplus increases
(becomes larger)...
As startling as the information about land use and total water needs is for biofuels, is...
As startling as the information about land use and total water
needs is for biofuels, is it unreasonable? For Example, how do
these numbers compare with land and water currently used in
agriculture? We clearly need an alternative to fossil fuels, and
biofuels have recieved a good bit of attention.
Consider biofuels. Surf the web and indentify potential sources
of biofuels. Indentify the biofuel source, briefly describe by the
biofuel source is promising, briefly discuss how it will be used...
Explore an area. The size of the area you will need to use depends on the organism type you choose and the environment of the area you are exploring.
Field StudyChoose one of the following: grasses, trees OR insects.Explore an area. The size of the area you will need to use
depends on the organism type you choose and the environment of the
area you are exploring. For example, you might choose grasses and
your front yard and get enough variety to complete the assignment,
but if you choose trees, and you have NO trees in your yard, then
that won’t work.Describe each unique (different) type of organism you...
4. Consider two countries: Japan and France. Suppose you saw the following information in the newspaper:...
4. Consider two countries: Japan and France. Suppose you saw the
following information in the newspaper: Interest rate on one-year
Japanese deposits = 8%; Interest rate on one-year French deposits =
6%; Current spot rate: 100 yens per euro. Further suppose that
based on your research on the two countries, you expect the spot
rate is going to be 105 yens per euro a year from
now. Round numbers to 3 decimal points. Pick home and
foreign country and setup...
I need the steps for this problem. If a runner (perpendicular area = 0.6 m2; fluid...
I need the steps for this problem. If a runner (perpendicular
area = 0.6 m2; fluid density = 1.14 kg/m3; Cd = 0.5) completes a
marathon (26.2 miles) in three hours, while running against a
10-mph headwind throughout the race, how much more work will she
have performed against the air, relative to completing the marathon
in the same time on a still day (no wind)? Answer: ~395 KJ
Macroeconomics Problem 4 Choose two countries that interest you— one rich and one poor. What is...
Macroeconomics
Problem 4
Choose two countries that interest you— one rich and one poor.
What is the income per per-son in each country? Find some data on
country characteristics that might help explain the difference in
income: investment rates, population growth rates, educational
attainment, and so on. (Hint: The Web site of the World Bank, www.
worldbank. org, is one place to find such data.) How might you
figure out which of these factors is most responsible for the
observed...
Suppose you own a vacant but developable land parcel on the outskirts of the metropolitan area....
Suppose you own a vacant but developable land parcel on the
outskirts of the metropolitan area. This land produces no income
but owes 2% of its value per year in property taxes. Meanwhile,
typical income properties are yielding 9% (that is, they have a
current cash yield, or “cap rate,” of 9%). If inflation is expected
to be around 3% per year, and you expect your land will appreciate
at 10% per year, what should you do with this land...
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