13. Countries that restrict foreign trade are likely to chave more frme with d forgo the additional surplus that trade allows, but forgo the aional sph thosbe or rse of he compensated by a higher rate of technological change
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- Bangladeshi impressive economic growth from 1992 to 2010 O relied on its high wages and excellent working conditions. O relied on its own resources without trade. O relied on rising imports, specifically imports of apparel. O relied on rising exports, specifically exports of apparel. Hi Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.Answer completely and accurate answer.Rest assured, you will receive an upvote if the answer is accurate.Consider a Ricardian framework with two countries, A and B, and two products, G1 and G2. The following table shows the marginal product of labour in G1 and G2 in both countries. G1 G2 Country A 3 7 Country B 7 5 Which one of the following independent scenarios is not possible at the trade equilibrium? A.Compared to autarky, country A workers receive the same real wage in G2. B.Relative price of G1 is 8/3. C.Compared to autarky, country B workers receive higher real wage in G1. D.Relative price of G1 is 5/7.is a fixed charged levied on imports while is a fraction of the cost of imports. O a. Specific-tariff, Ad-valorem O b. Specific custom tariff; value-added tariff OC. Value-added tariff; specific custom tariff O d. Ad-valorem tariff, Specific-tariff
- A4 In the Ricardian model, the opening of trade raises the real wage in terms of the imported good without reducing it in terms of the exported good, so workers should favor trade. But workers facing import competition usually oppose trade, so there is something wrong with the modelMigration between North Korea and South Korea has been prohibited since the end of the Korean War in 1953. South Korea is now much richer than North Korea and has a much higher marginal product of labor and a much higher wage rate than North Korea. If workers could migrate from North Korea to South Korea, we would expect: a. Output to fall in South Korea but rise in North Korea. b. Output to rise in each country. c. Total combined output in the two countries to fall. d. Total combined output in the two countries to rise.? Suppose a nation has a labor force of 70 million workers and an unemployment rate of 6%. (Include your answer to one decimal place, if applicable.) How many workers in this nation are employed? # 3E F3 JE D JE Your Answer: с F4 $ 4 R F - Answer C V FS % 5 Q Search T G F6 6 LO Y H B ] F7 & 7 a U N F8 J 8 * 8 00 I F9 M DB K F10 ( 9 O V L Alt OL F11 ) 0 P B8-4 • V F12 : ; Ctrl 99+ PrtSc ( [ ? W + 11 11 1 Insert 1 1 + Home Delete Backspace -- ►/11 No Ent PgUp PgDr
- If the income in Mexico increases gradually, then most likely Mexico will import goods and services from other countries. more O the same amount less O either more or less depending on political circumstancesTrue or false The jobs in domestic market and the jobs which have higher wages for labors compared to the other countries are more vulnerable with increased outsourcing as firms will replace their workers with cheaper foreign workers as they will be willing to work at lower wages.961. CHAPTER 9—TAXATION OF INTERNATIONAL TRANSACTIONS Question MC #43 Shannon, a foreign person with a green card, spends the following days in the United States. 2010 360 days 2011 150 days 2012 30 days Shannon’s residency status for 2012 is: a. U.S. resident because she has a green card. b. U.S. resident since she was a U.S. resident for the past immediately preceding two years. c. Not a U.S. resident because Shannon was not in the United states for at least 31 days during 2012. d. Not a U.S. resident since, using the three-year test, Shannon is not present in the United states for at least 183 days. 962. CHAPTER 9—TAXATION OF INTERNATIONAL TRANSACTIONS Question MC #44 Lang, an NRA who was not a resident of a treaty country, receives taxable dividends of $50,000 from U.S. corporations. Lang does not conduct a U.S. trade or business. Lang’s dividends are taxed by the United States through withholding by the payor of:…
- . Ricardian Model. Consider two countries: A and B. Labour is the only factor of production for goods X and Y. Consider the following matrix of unit labour requirements. X Y Labor Endowments Country A aLx = 8 aLy = 4 240 Country B aLx* = 6 aLy* = 2 120 Which country has an absolute advantage in producing good X? Good Y? Which country has comparative advantage in producing good X? What is the autarky relative price of good X for country A? For country B? Draw the world relative supply curve RS for good X. Label all the axes (relative price of good X on the vertical axis and world output of x relative to y on the horizontal axis) and the relevant points. Suppose that the world relative demand RD for good X is given by: (Px/Py) = 7 – 9 * ( ( Qx +Q*x) / (Qy + Q*y) ). With free trade: (i) What will be the equilibrium world relative price of good X be equal to? (ii) Calculate the equilibrium wage rate w in A relative to that…How will each of the following scenarios impact the market for labour Worldwide demand for each exports surge Using (Decrease wage rate, increase employment, employment unchanged, shift outwards/to the right, increase wage rate, wage rate unchanged, shift inwards/to the left, decrease employment, curve unchanged movement along the curve). Impact on demand for labour _______ Impact on the supply of labour _______ impact on age rate ________ impact on employment rate. ________Other things equal, if a change in the tastes of Canadian consumers causes them to purchase more foreign goods at each level of Canadian GDP O unemployment will decrease domestically Canadian GDP will fall. inflation will occur domestically Canadian real GDP will rise mirresponse
