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Explain the economy of the Balkan Peninsula..
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- Why export plays important role in the economy? (Analysis it based on Specialized, Comparative advantage, absolute advantage)2. What has lead to increase globalization?Suppose that each country decides to specialize in the production of the good un which it has the comparative advantage. by specializing, what is the total world production of the car parts and aircraft parts?
- Explanation give me . Dont copy paste if you don't give explanation skip it . QNO1: What is Foreign issues of spain?The U.S. economy relies heavily on international trade. Choose two transactions at random that result from international trade; one where purchases are made from another country and one where the U.S. sends a product to another country. Identify the impact of each of these on imports, exports, net imports, and net exports at the time the transaction takes place. For example, if you purchase a product online that is made in and shipped from Italy to you in the United States what is the effect on the U.S. economy in these four categories at the time of the transaction? In addition, there has been a lot of news in recent years surrounding tariffs. Exactly what is a tariff and what is the impact of tariffs on international trade? Who pays the cost of tarffs?How has money laundering affected international trade? Discuss the effect between developed and emerging economies.
- Hours of work necessary to produce one unit of cloth or wine is shown in the following table: Cloth Wine England 100 120 Portugal 90 80 Who has the comparative advantage in cloth, and who in wine? England, Portugal Portugal, England England, England Portugal, PortugalWhat are the difference of the modern theory of international trade vs classical theory e.g. mercantilism, comparative advantagesNow suppose that if Zimbabwe uses all of its resources, it can produce 50,000 tons of metal ores or 100,000 delivery trucks (trading off at a constant rate). Suppose that if South Africa uses all of its resources, it can produce 20,000 tons of metal ores or 80,000 delivery trucks (trading off at a constant rate). What is the direction of trade (who exports what to whom)? Be sure to give the opportunity costs of production of both goods for both countries. What is one potential price of metal ores in terms of trucks at which both Zimbabwe and South Africa would benefit from trade? Rank the autarkic prices and the world price of metal ores from lowest to highest.
- International trade 1. Consider a Ricardian model with two countries, the US and Ecuador, producing two goods, bananas and machines. Suppose the unit-labor requirements are: aLBUS= 8, aLBE = 4, aLMUS = 2, aLME = 4. Let the US have 3200 workers and Ecuador have 400 workers. a. Specify a plausible free trade terms of trade.(Figure: Ships and Autos in Countries A and B) Two countries manufacture automobiles and ships. Based on the graphs: Country A Ships 60 Ships 50 40 S305 20 10- 12 100 0 8 6- 4 2 Jo 0 20 20 40 Autos Country B 40 Autos 60 60 80 80 100 100 Country A should specialize in ship building and Country B should specialize in automotive manufacturing. There are no advantages to trade because the lines are downward sloping. Country A should specialize in automotive manufacturing and Country B should specialize in ship building. There are no advantages to trade because Country A can produce more of both goods.Kindly answer in narrative form. Please cite your sources. Thank you so much!1. What Trade: (You may have to change these to fit the country) 2. What products does Denmark imports and from what countries?3. What products does Denmark exports and where?
