QUESTION 1 1. International integration of national economies has brought all of the benefits to nations except. A. Good International Relations B. Technological Innovation C. Greater Investments in Scarce Resource Regions D. Less Expensive Products
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- 1. Explain the importance of economic analysis to international business and trade. Help me please... I really need your helpPlease help with attachedWhich of the following statements is true? а. Cultures in a nation are likely to change faster than the institutions. Geography of a nation is likely to change faster than the institutions. Geographical handicaps affected economic prosperity less, 500 years back than they do now. C. Geographical handicaps affected economic prosperity more, 500 years back than they do now. d. b.
- Q32 A country that engages in no foreign trade is said to be in a situation of... a. Reciprocal absolute advantage. b. Absolute advantage. c. Comparative advantage. d. Economic empowerment. e. Autarky. Clear my choiceThe bilateral agreement has enabled China and South Korea an increase in trade and an increase in trade deficit for the United States; what are the advantages and disadvantages for the United States to continue these relationships with the bi-lateral agreements? 2. With regards to the various agreements/treaties discussed, EU, WTO, NAFTA, CARICOM, APEC, MERCOSUR and ASEAN: · Discuss any pending applications, candidate countries, or associate members. · What are the advantages/implications for trade within the trading group and for the United States? · Determine the GDP and GNP of those pending countries. · Based upon your assessment, do you think these countries should become full members of the FTAs they have applied to? Why, or why not?From the list of nations below, discuss the type of economic system used in each nation. Also discuss for each nation the type of ownership of resources. Ie who owns the nations resources. Discuss also if any of these nations are part of the G8 group of nations. United States, Countries in the Euro zone, North Korea, Canada, Russia today
- Question 1 Consider the standard trade model with two goods and two factors, labour and capital. (a) Suppose that a country experiences an increase in its capital stock. How would the production possibility frontier change as a result? Illustrate this with a simple twogood diagram. (B) Consider two countries: Home and Foreign. Each country produces two goods, cloth (C) and food (F). Assume Home is an exporter of cloth. Assume also that Home is a large country. Now suppose Home imposes a 20 percent tariff on the value of food imports. What will be the effect of the food tariff on the relative price of cloth and terms of trade? Illustrate your answer with a relevant diagram.1-Analyze the following (2x2) matrices. Identify the countries having certain advantages. Moreover, specify the benefits of trade for both countries. A (2x2) matrix involves (2 countries exchanging 2 commodities or products) Matrix A Wheat (bushels/labor Cloth (yards/labor hour) hour) United States U.K. 3. (Numerical values reflect output per unit of input) a. Will trade occur??? Identify the country having the absolute advantage in wheat and the one having the absolute advantage in cloth. b. Identify the production possibility frontiers for both countries. c. Show me the gains of trade if we assume that the U.S. exchanges 6 units of wheat for 6 units of cloth.In the United States, what percent of gross domestic product does international trade account for?Chapter 325 percentO 12.5 percentO 75 percent50 percentO 90 percent Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
- Q) Which statement is true of natural resources in terms of global trade or a country’s economy? a. Steep declines in the price of oil had a negative impact on America’s oil producers. b. The past decade has witnessed the discovery of an abundance of natural resources. c. Petroleum is the only natural resource that affects international marketing. d. Vast differences in natural resources result in minor shifts of wealth among countries. Give me correct explaination and not copy paste anything from anywhere.___________ occurs when low-cost producers _________ the free trade area___________high cost___________ a) Shallow integration/outside/ is replaced by/producers within the free trade area. b) Trade creation / within / replace / domestic producers. c) Policy harmonisation / within / replace / domestic producers. d) Deep integration / within / replace / domestic producers. e) Trade diversion / outside / is replaced by / producers within the free trade area.A point above the Production Possibility Frontier line: A. Can potentially become feasible through trade/exchange B. Can potentially become feasible through economic growth C. Both A and B D. Can never become feasible
