9. Answer ALL parts of this question. Consider a standard Hecksher-Ohlin world, with the following endowment of production factors: Home Foreign Labour 77 45 20 Capital 15 10 There are two goods: Computers (C), which are capital intensive, and T-shirts (T), which are labour intensive. (a) Based on the table above, what are the expected patterns of trade in this world and why? (b) In this example, who would gain from opening up to free trade and who would lose, and why? (c) Suppose that the relative price of computers is fixed at Pc/PT and there is a sudden increase in the available labour in Home. What will happen to the production possibility frontier and Home's production of Computers and T-shirts. Explain your answer and illustrate with a relevant diagram. (d) Some countries are not very abundant in any resource. Does this mean that we would expect them to export nothing? Explain your answer by using the Hecksher-Ohlin model. (e) Give an example of where equalisation of wage rate has not occurred. Discuss some possible explanations for this.
Answers
a) Based on the given table, this economy has a relative abundance of labor compared to capital. This means that it would produce T-shirts cheaply since it is labor-intensive.
On the other hand, computers are capital-intensive, meaning that it is cheaper to produce in countries with a higher capital endowment. Therefore, this economy is expected to export T-shirts and import computers.
b) In this example, the free trade opening would benefit the consumers of both products since they would get them at a cheaper price. The domestic producer of T-shirts will lose since it has to compete with foreign producers who can produce at a lower cost.
The domestic producer of computers would benefit since the product is more expensive to produce in other countries.
c) With the relative price of computer fixed at Pc/PT, an increase in the available labor in Home would result in a shift in the production possibility frontier (PPF) outwards.
The new frontier is shown in the diagram below. The country's production of both goods will increase, but the increase in computer production is relatively larger since it is more capital-intensive.
d) The Hecksher-Ohlin theorem holds that a country's exports are determined by the factor endowments. However, a country can still export a good even if it is not relatively abundant in any resource if the good is produced using the resource that is most abundant in the country.
For example, a country that is not abundant in labor may still produce and export a labor-intensive good that uses the country's abundant capital.
e) One example of where equalization of wage rate has not occurred is between developed and developing countries. Despite the factor endowments and the Heckscher-Ohlin theorem, there is still a wage gap between developed and developing countries. This could be explained by other factors such as institutional quality, technological difference, and government policies. Additionally, there could be barriers to trade that prevent factors from moving from low wage to high wage countries.
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Related Questions
List 7 types of media's with notes about them. Or less.
Answers
Answer:
good
Explanation:
Print Media (Newspapers, Magazines)
Broadcast Media (TV, Radio)
Outdoor or Out of Home (OOH) Media.
Internet.
Returns for the Disney Company over the last 3 years are shown below. What's standard deviation of the firm's returns? (Hint: This is a sample, not a comple population, so the sample standard deviation formula should be used.) Year 2008 2007 2006 Return 21.00 % -12.50 % 25.00%
Answers
The standard deviation of the Disney Company's returns over the last 3 years is approximately 19.67%.
To calculate the standard deviation of the firm's returns, we will use the sample standard deviation formula.
Step 1: Calculate the mean (average) of the returns.
To find the mean, we sum up all the returns and divide it by the total number of returns:
Mean = (21.00% - 12.50% + 25.00%) / 3 = 33.50% / 3 = 11.17%
Step 2: Calculate the squared deviation for each return.
Subtract the mean from each return and square the result:
(21.00% - 11.17%)² = 98.72%
(-12.50% - 11.17%)² = 482.40%
(25.00% - 11.17%)² = 192.84%
Step 3: Calculate the sum of the squared deviations.
Sum up all the squared deviations:
98.72% + 482.40% + 192.84% = 773.96%
Step 4: Calculate the variance.
Divide the sum of squared deviations by n-1 (since this is a sample):
Variance = 773.96% / (3-1) = 773.96% / 2 = 386.98%
Step 5: Calculate the standard deviation.
Take the square root of the variance to find the standard deviation:
Standard Deviation = √(386.98%) = 19.67%
Therefore, the standard deviation of the Disney Company's returns over the last 3 years is approximately 19.67%.
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Which problems does Jason seem to face as an entrepreneur? Jason currently runs a small manufacturing business. Jason’s parents, who ran the business for years, handed over the business to their only son two years ago. However, Jason is not interested in his family business, and his performance as an entrepreneur has been very poor. The main problem is that Jason is not 1. competitive 2. driven 3. energetic enough to succeed in the manufacturing business because he lacks the 1. passion 2. creativity 3. determination for it.
Answers
Answer:
driven,passion
Explanation:
TRUE OR FALSE
Some employees enjoy working for an autocratic leader because they welcome the structured environment.
Answers
Answer:
The Answer is gonna be True
This is the right Answer :3
I hope you are having a great day ❤️❤️❤️
Answer:
true
Explanation:
promise its true
HOPE IT HELPS
I NEED THIS FAST PLEASE
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Which of the following scenarios best reflects a list price?
A. Earrings that are buy one get one free
B. A bike that is half off because of a holiday promotion
C. Socks that have a suggested retail value of $39.99
D. A dress that is 25% off
Answers
Answer:
C. Socks that have a suggested retail value of $39.99
The following scenarios best reflect a list price of Socks that have a suggested retail value of $39.99. Thus the correct option is C.
What is the list price?The specified price at which some is advertised for sale through a specific channel, such as a factory, a retail store, a catalog, or a retail, wholesale, or distributor website is The list price.
The difference between the listing price and the sale price of a property is known as the "listing price," also referred to as the "asking price."The highest price at which a thing may be sold is its list price.
The cost at which a seller decides to put their house on the market is known as the list price. You can specify a particular range of costs and make them exclusive to a certain clientele using a pricing list.
Therefore, option C is appropriate.
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Stone Inc. is evaluating a project with an initial cost of $9,500. Cash inflows are expected to be $1,500, $1,500 and $10,000 in the three years over which the project will produce cash flows. If the discount rate is 9%, what is the net present value of the project
Answers
The net present value (NPV) of the project is $3,106.08.
\
To calculate the net present value, we need to discount the cash inflows back to their present value and subtract the initial cost. Here's the calculation:
Year 1:
Present Value = $1,500 / (1 + 0.09)^1 = $1,376.15
Year 2:
Present Value = $1,500 / (1 + 0.09)^2 = $1,262.98
Year 3:
Present Value = $10,000 / (1 + 0.09)^3 = $8,378.95
Net Present Value (NPV) = Present Value of Cash Inflows - Initial Cost
NPV = $1,376.15 + $1,262.98 + $8,378.95 - $9,500 = $3,106.08
Therefore, the net present value of the project is $3,106.08.
The net present value (NPV) is a financial metric used to assess the profitability of an investment project. In this case, the NPV of the project is $3,106.08, indicating that the project is expected to generate positive value and could be considered a favorable investment opportunity.
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When should a person proceed with a
choice in terms of marginal benefits
and cost?
O when the market is high
O when there is no difference
O when the benefits outweigh the
cost
Answers
Answer:
when the difference outweighs the cost
Question 7 of 10
Which of the following is a tax-advantaged savings plan designed to
encourage savings for future college costs?
A. University plan
B. 529 plan
C. Scholarship plan
D. 592 plan
Answers
Answer:
It is the 529 plan to save money for college.
Explanation:
The best reason to record income at the top of a budget is
a. to easily add expenses to it.
b. to know how much money is available.
c. to avoid spending too much money.
d. to see that is is more important than expenses.
Answers
B) To know how much money is available.
You can clearly see how much money you have available to spend or save by listing revenue at the top of a budget.
Making judgments on how to divide your money and prioritize your expenses requires knowledge of this information.
You may see how much money is available to cover your bills, pay off debts, and save for the future by putting revenue at the top of your budget.
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Bernie works for quickwell lending and accesses several lenders to find a loan product that works best for his clients. what is bernie?
Answers
Bernie is a mortgage broker who accesses several lenders to find a loan product that works best for his clients.
A mortgage broker is a person who acts as an intermediary between the person who offers the loans and someone who wants to buy real estate. so they help their clients to obtain the best rate of interest on their loans. In this way, the client will be able to obtain the best terms and rates to meet their financial needs.
A mortgage broker can help us find the right mortgage. This helps the client in saving time, money, and effort. A mortgage broker may have better and more access to lenders than we have. The only factor to be kept in mind is the charges that these mortgage brokers may take from us.
So a mortgage broker is a link between financial institutions and individuals. The mortgage broker works with both to get the amount of loan sanctioned and at the best rates. They also verify all the paperwork necessary for obtaining the loan. So as Bernie works for finding a loan that is the best for the client he is a mortgage broker.
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the united states is considered to have a high standard of living because:
A. the most important sector's of its economy are agricultural
B. most of its citizens have access to necessities like food.
C. a large number of its citizens struggle to find good jobs.
D. its currency is no longer tied to precious metals like gold.
Answers
Answer:
B. most of its citizens have access to necessities like food.
When it comes to robotics in the
fourth industrial revolution, identify the necessary steps to
protect the environment as well as compliance with safety and
health requirements.
Answers
As robots and automated systems become more common in the workplace, there is a growing need to protect the environment while also complying with safety and health regulations.
Here are some necessary steps to take when it comes to robotics in the fourth industrial revolution:
1. Design environmentally-friendly robots
The manufacturing process for robotics and automated systems is a significant source of pollution, so designing environmentally-friendly robots is a crucial step in protecting the environment. This involves using materials that are renewable, biodegradable, or recyclable wherever possible.
2. Use robots to monitor and reduce emissions
Robots can be used to monitor air, water, and soil quality and identify sources of pollution. They can also be programmed to reduce emissions by optimizing energy consumption and identifying areas where waste can be reduced.
3. Implement safety and health protocols
Robotics and automated systems can be dangerous to work with, so it is essential to implement safety and health protocols to protect workers from accidents and injuries. This includes providing training and protective equipment and ensuring that robots are designed with safety in mind.
4. Reduce energy consumption and carbon footprint
Robots can be programmed to optimize energy consumption and reduce carbon emissions. This includes shutting down systems when they are not in use and using renewable energy sources wherever possible.
5. Implement waste reduction strategies
Robots can help identify areas where waste can be reduced and optimize recycling and disposal processes. This includes using robots to sort and process waste and identifying ways to reduce waste in the manufacturing process.
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Bayou Development Corporation hires Coastal Brokerage Associates to sell the condominiums in a building at Bayou Development's resort. The agency will terminatea. after the condos have been sold.b. if the prices of the condos must be reduced to sell them.c. once Bayou Development obtains insurance to cover the property.d. when Bayou Development pays Coastal Brokerage its first commission.
Answers
The agency will terminate a. after the condos have been sold.
When Bayou Development Corporation hires Coastal Brokerage Associates to sell the condominiums in a building, the agency relationship will typically end once the condos have been sold. The primary objective of Coastal Brokerage Associates is to facilitate the sale of the condos on behalf of Bayou Development Corporation. Once all the condos are sold, their role is fulfilled, and the agency relationship comes to an end.
The termination of the agency relationship is based on the completion of the agreed-upon task, which in this case is selling the condominiums. Other factors mentioned in options b, c, and d, such as price reductions, obtaining insurance, or receiving the first commission, may be relevant to the process but do not directly dictate the termination of the agency.
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hotel cortez is an all-equity firm that has 10,600 shares of stock outstanding at a market price of $33 per share. the firm's management has decided to issue $64,000 worth of debt and use the funds to repurchase shares of the outstanding stock. the interest rate on the debt will be 7 percent. what is the break-even ebit?
Answers
If hotel cortez is an all-equity firm that has 10,600 shares of stock outstanding at a market price of $33 per share. The break-even ebit is: $24,486.05.
How to find the break-even ebit?First step is to calculate the share repurchased
Shares repurchased =$64,000 /$33 per share
Shares repurchased =1,939.39 shares
Second step is to calculate the shares outstanding
Shares outstanding = 10,600 shares - 1,939.39 shares
Shares outstanding = 8,660.61 shares
Now let find the break-even ebit
EBIT/10,600= [EBIT − $64,000(.07)]/ 8,660.61
EBIT/10,600 = [EBIT − $4,480]/ 8,660.61
EBIT/10,600 -8,660.61 = [10,600 ×$4,480]
EBIT/1,939.39 = $47,488,000
EBIT = $47,488,000 / 1,939.39
EBIT = $24,486.05
Therefore the break-even ebit is
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What type of advertising is the slogan "Friends Don't Let Friends Drive Drunk"?
А.
product advertising
B.
corporate advertising
C.
retail advertising
D.
ublic service advertising
Answers
how old do you have to be to work at lululemon
Answers
Answer:
The minium age requirement to work there is 18
our self-talk consists of words pictures and emotions. as we imprint our affirmations we
Answers
Self-talk is your inner voice or the way you speak to yourself. Although you almost probably are doing it without realizing it, you almost certainly are. In order to produce an internal monologue throughout the day, this inner voice mixes conscious thoughts with ingrained beliefs and biases.
What are the four categories of self-talk?Your inner discourse is known as self-talk.
Personalizing. You own all of the guilt for yourself.
Magnifying.
Catastrophizing.
Polarizing.
What are the five tiers of one's own self-talk?Helm Stetter outlines the "Five Levels of Self-Talk" (Negative Acceptance, Recognition and Need to Change, Decision to Change, The Better You, and Universal Affirmation) and offers advice on how to navigate each level for significant life changes.
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Question 6 of 10
The optional feature in a business letter is the:
A. date.
B. inside address.
C. closing.
D. reference.
Answers
Answer:
D would be the correct answer
Explanation:
Answer: reference
Explanation: ape x
When starting a small business, government agencies such as the Small Business Administration (SBA), the Farmers Home Administration, the Economic Development Authority, and the Minority Business Development Agency are possible sources of: Multiple select question. customers information interest free loans capital
Answers
The government agencies like SBA and farmers' home administration are possible sources of capital. Thus the correct answer is D.
What is capital?Capital refers to the total amount of capital assets required to generate goods or services in a business. This amount can be used to start a business, manage daily operations of the business, or grow and extend it.
These institutions the Small Business Administration (SBA), the Farmers Home Administration, the Economic Development Authority, and the Minority Business Development Agency help to provide small businesses with financial assistance in terms of capital and loans and provide training to manage things in the business.
Therefore, option D capital is the correct answer.
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Which outcome is the most likely result of the government lowering taxes on
a particular good?
A. Supply of the good will decrease.
B. Supply of the good will increase.
C. Demand for the good will decrease.
D. Demand for the good will remain the same.
Answers
A financial charge or levy imposed on citizens by the government according to their income for various spending and funding are called taxes.
The outcome that is most likely to occur is:
Option B. Supply of the goods will increase.
The outcome can be explained as:
When the taxes are lowered consumers will buy more products which will increase the supply rate.While option A is incorrect as the supply will expand due to lower taxes.Demands by the purchasers and buyers will increase as the taxes have lowered that is it will be profitable for them to purchase goods.Thus, supply will increase.
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The three questions of economics are based on decisions made by economies.
What statement best describes why economies must make these decisions?
Econominc must make these decisions?
Answers
The reason why economies must make these decisions is due to the fact that because resources are limited.
What are resources?These are all of the factors of productions that are used to take care of the needs of man. They are what is is used in the production process for all goods.
It is important to note that human needs are unlimited but the resources that are needed for meeting these needs are only few in number.
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Question 25 (4 points) Kamara's Cleats Inc. is an international sports retailer. Kamara will frequently purchase goods from foreign suppliers at prices that are only renegotiated once a year. Meaning that individual transactions might be affected by a fluctuation in exchange rates. Because of this, Kamara might have what type of exposure? a) Translation b) Economic c) Exchange d) Forward e) Transaction
Answers
Transaction exposure refers to the risk that a company faces when it has a financial transaction denominated in a foreign currency, and the exchange rate fluctuates between the time the transaction is initiated and the time it is settled.
In Kamara's case, since they frequently purchase goods from foreign suppliers, they are exposed to the risk that the exchange rate will fluctuate between the time they negotiate the price and the time they pay for the goods. Therefore, they have a transaction exposure. Translation exposure, on the other hand, refers to the risk that a company faces due to fluctuations in exchange rates when translating financial statements into a different currency.
Economic exposure refers to the risk that a company faces due to changes in macroeconomic conditions such as interest rates, inflation, and government regulations. Exchange exposure and forward exposure are not commonly used terms in finance.
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Zachary, a college student, watches a financial show on television. The host is a well-known financial advisor. He is talking about borrowing from a 401 (k). This information is _____.
Answers
Answer:
This information will be "Reliable but irrelevant".
Explanation:
The knowledge and details seem to be accurate because he's such a possibly the best-known financial consultant even though it's meaningless because whatever he's concerned about benefits Zach as something of a student of the university. The narrator may be an extremely poorly-known financial planner, but Zachary certainly doesn't have to borrow from some kind of 401(k).Determine whether the statement is true or false. if f is continuous on [a, b], then d dx b f(x) dx a = f(x).
a. true
b. false
Answers
The correct answer is option (b) False.
Differentiation:
Differentiation is a technique for determining a function's derivative. Differentiation is a mathematical procedure for determining the instantaneous rate of change of a function depending on one of its variables.
Explanation:
Given:
A statement is given "If f is continuous on
[a,b], then ddx(∫baf(x)dx)=f(x)".
The objective of the question is to determine whether the statement is true or false and why.
It is known that the value of a definite integral of a function is always a constant. So, ∫baf(x)dx
is a constant.
It is also known that the derivative of a constant is always equal to 1. Therefore, the correct equation is ddx(∫baf(x)dx)=1.
Thus, the given statement is false.
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In what three ways does the government affect production of goods and services in the US economy?
Answers
what concept of scarcity refers to what idea
Answers
Answer:
D
Explanation:
people have limited resources to fufill their unlimited wants.
this one just sounded right to me.
sorry if this is wrong
what models information and provides assistance in evaluating and choosing among different courses of action? question 14 options:
Answers
A decision support system (DSS) is a model that provides information and assistance in evaluating and choosing among different courses of action. It helps users make informed decisions by analyzing and processing data from various sources.
Decision-making models are designed to provide assistance in evaluating and choosing among different courses of action. These models can help individuals or organizations make informed decisions by analyzing the costs, benefits, and potential outcomes of each option.
Common decision-making models include the rational decision-making model, the bounded rationality model, and the intuitive decision-making model.
These models use various methods such as cost-benefit analysis, SWOT analysis, and risk analysis to evaluate options and make informed decisions.
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A high accounts receivable turnover ratio indicates.
Answers
A high accounts receivable turnover ratio indicates that a firm is efficient in converting receivables to cash.
What is the receivables turnover ratio?
Receivables turnover ratio is an example of an activity ratio which measures how efficiently a firm carries out its daily activities. Receivables turnover ratio is the ratio of revenue to average reciveables.
Receivables turnover ratio = Revenue / average receivables
The faster it is for a firm to collect its receivables, the more efficient the firm is.
How long do you have to work to qualify for unemployment?.
Answers
until you are eligible to pay check entitlement
Answer: Each state determines who is eligible for unemployment insurance benefits, however you are usually eligible if you: Are jobless due to no fault of your own. In most states, this implies that you had to leave your previous position due to a lack of accessible work. Comply with all labor and wage standards.
Explanation:
An auto parts store ABC Auto Inc makes annual sales for variety of parts. Spread sheet would provide the following data 1. Part Number 2. Part Name 3. Monthly sale quantity 4. Monthly Sale Price 5. Quarterly Sales income 6. Yearly Sales income 7. Keep quarterly Sum as sub total 8. Calculate grand total of whole year 9. Find Average Sale of the Year using Average function 10. Count Sale Value entries using Count function 11. Find Max and Min Value by using function 12. Create Bar Chat of Monthly Sale 13. Apply auto fill feature to conduct calculations 14. Take screen shot of your work showing your name and student number on each screen shot and save it in a Word file along with your excel file. 15. Use suitable background color for Headings and subheadings.
Answers
The instructions involve various tasks in creating and analyzing sales data in an auto parts store using spreadsheet software, including data entry, calculations, functions, visualization, formatting, and documentation.
The given instructions outline a set of tasks to be performed using spreadsheet software, such as Microsoft Excel. The tasks involve entering data related to part numbers, names, monthly sale quantities, and monthly sale prices, and calculating quarterly and yearly sales incomes. Subtotals for each quarter and a grand total for the entire year are to be calculated. The average sale for the year, the count of sale value entries, and maximum and minimum values are to be determined using appropriate functions. A bar chart representing monthly sales is to be created for visualization. The auto-fill feature is to be utilized to automate calculations. Screenshots of the work, including the student's name and student number, are to be taken and saved in a Word file along with the Excel file. Suitable background colors are to be applied to headings and subheadings for better visual organization.
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