Micro Economics For Today
Micro Economics For Today
10th Edition
ISBN: 9781337613064
Author: Tucker, Irvin B.
Publisher: Cengage,
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Chapter 14.2, Problem 2.3GE
To determine

The basis for offset agreement such as planting trees.

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Assume that Trinbago is a small country that produces wine and motor vehicles, where motor vehicles are capital intensive. Trinbago is also capital intensive, and the standard Heckscher -Ohlin (H-O) assumptions hold. The other country in the model is Vincyland.  What recommendations would you give?
How does the growing “McDonaldization” of developing countries spell more badnews for their small farmers? (This, despite the fact that all the new restaurants will,of course, be buying plenty of agricultural products grown on farms.)
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