5 All of the following actions would help promote sustainable tourism between MDCs and LDCs an well as within LDC, excentO providing work benefitsO facilitating far tradeO encouraging most profitable activitiesO promoting gender equalityWhich of the following statements regarding the emergence of early cities is not true?CitsesO Religious structures in sacred areas such as temples and shrines were a focal point of the settlementO Trade between cities was rare because settlements were self-contained for all goods they neededO Tithing and taxation were common practice to maintain food supply for a ruler and his subjectsO The early settlement was often fortified in order to protect dwellers against invaders from outside

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All of the following actions would help promote sustainable tourism between MDCs and LDCS a well as within LDC excect O provading work benefits O facilitating fair trade O encouraging most profitable activities O promoting gender equality

All of the following actions would help promote sustainable tourism between MDCs and LDCS a well as within LDC excect O provading work benefits O facilitating fair trade O encouraging most profitable activities O promoting gender equality

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter33: International Trade

Section: Chapter Questions

Problem 6SCQ: Table 33.15 shows how the average costs of production for semiconductors (the chips In computer...

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The figure above shows the production possibilities frontiers for four nations that have identical production possibilities frontiers in the present. The one that will grow most rapidly in the future is most likely to be at point 50H % 40 30 20 10 0 10 Dual Purpose OA OB O C O D oo 20 30 40 50 Capital goods (millions per month)
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When a country has a comparative advantage in the production of a god, t means that it can produce this good at a lomer opportunity cost than its trading partner. Then the country will specialize in the production of this good and trade it for other goods. The following graphs show the production possibilities frontiers (PPFs) for Maldonia and Desania. Both countries produce lemons and tea, each intialy (i.e, befare spedialization and trade) producing 24 million pounds of lemons and 12 milion pounds of tea, as indicated by the grey stars marked with the letter A. Maldonia Desonia 40 24 PPF 2 41 s LEMONS (Miliona of pounda) 16 34 2 4 16 34 LEMONS (Mona of pounda) Maldonia has a comparative advantage in the production of . while Desonia has a comparative advantape in the ▼ . Suppose that Maidonia and Desonia specialize in the production of the goods in which each has a comparative advantage. Alter specialization, the two countries can produce a total of 45 milion pounds of tea and48…
Table 33.15 shows how the average costs of production for semiconductors (the chips In computer memories) change as the quantity of semiconductors built at that factory increases. Based on these data, sketch a curve with quantity produced on the horizontal axis and average cost of production on the vertical axis. How does the curve illustrate economies of scale? If the equilibrium quantity of semiconductors demanded is 90,000, can this economy take full advantage of economies of scale? What about if quantity demanded is 70,000 semiconductors? 50,000 semiconductors? 30,000 semiconductors? Explain how international trade could make it possible for even a small economy to take full advantage of economies of scale, while also benefiting from competition and the variety offered by several producers.
This question pertains to the addendum to Chapter 2. Thefollowing tables show the production possibilities for twohypothetical countries, Italia and Nire. Which country has thecomparative advantage in producing butter? Which country hasthe comparative advantage in producing guns? What would be amutually agreeable rate of exchange between the countries?
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Which is NOT TRUE regarding the diffusion of the printing press and printed books in Europe? O It helped the free exchange of ideas. O It helped facilitate the Italian Renaissance. It increased the importance of clergy in the production of knowledge, since they owned the presses. It helped destabilize traditional society. O Printing brought literacy to adults, especially males as female literacy lagged far behind.
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1. Which of the following conclusions may be drawn from the PPC above? A- Consumers value Good B twice as much as Good A. B-Good B is more expensive for consumers than Good A. C-Producers in this economy should specialize in Good B. D-There is an increasing opportunity cost for producing more of either good. E-Every unit of Good A costs 1 unit of Good B to produce. 2.A production possibility curve would ________ if the availability of an input decreased and would ________ if a lack of technology decreased production efficiency. A-shift outward; shift inward. B-not move; shift outward. C-not move; not move. D-shift outward; shift outward. E-shift inward; shift inward
Which of the following does NOT describe Agriculture in Tanzania? O Employees 67% of people GDP of 23% O Export earnings of 30% O Very strong agro-processing industrial base
Why are some economists who favor free trade concerned about the proliferation of regional trade agreements? O Regional trade agreements make the economies of partner nations more independent from each other. O Regional trade agreements may limit trade from outside the regions in an agreement. O Regional trade agreements terms can conflict with those of the Anti-Tariff Act. O Regional trade agreements result in job losses for workers in the participating countries.
A. Did you follow the still ongoing discussion about free trade in the recent election cycle? Do you thinkthat the USA is tending toward a mercantilist approach and likely to impose restrictions on foreign tradeover the next few years?B. Do you agree or disagree with Adam Smith that we are better off with some form of free trade, thanwould be the case if each country raised or lowered tariffs based on its own economic needs and politicalphilosophy? Provide a logical reason for your answer.Not at all Somewhat Completely1 2 3 4 5 6 7 8 9 10C. Thomas Freedman made the following statement in the “World is Flat”. He maintains that technologymakes it possible to compete with, or collaborate with anyone, anywhere in the world. Globalization, heargued is both inevitable and desirable. The winners says Freedman, will be the countries andcompanies that can respond quickly to change and that the loser will be those who are slow to do so.“Whatever our political and philosophical points of view we…