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- Why do low-income countries like Brazil, Egypt, or Vietnam have lower environmental standards than high-income countries like the Germany, Japan, or the United States?What are some ways that governments can help people who lose from trade?> O ho signment - ECN204 021- Introductory Macroeconomics - W2023 apter 17 Assignment i 1 B 02:44:19 W b Success Confirmation 4+ Help
- Production Advantage and Opportunity CostsAssume there are two countries, the United States and France, and two goods, automobiles andcomputers.The table presented below shows the number of automobiles and computers that the United States andFrance can produce with the same amount of resources.United States FranceAutomobiles 120 100Computers 60 55Source: Pearson Education Inc. 1.1 Which country has an absolute advantage in computer production? Motivate your answer.1.2 Which country has a comparative advantage in the production of automobiles? Motivateyour answer. 1.3 Assume these countries trade with one another under the conditions of free trade. Whichcountry will specialise in the production of automobiles? Motivate your answer. 1.4 If free trade exists between the United States and France, what are the highest and lowestlevels for the price of an automobile (expressed in terms of computers)? Motivate youranswer by stating which level favours the United States and France.What is the mpact of no tariff on every stakeholders, eg : workers, consumers,government and communities reliant on the activities of the footwearindustry?K Refer to the information provided in the figures below to answer the question that follows. World Market U.S. Market 0.70 0.60- 0.50- 0.40 0.30- 0.20- -0.10 OO 0.00- OA 10 B. 6 O OC. 2 Price ($) D. 4 Sworld Dworld Millions of apples per day At the world price of 30 cents per apple, the United States imports 5 0.70- 0.60- 0.50- 0.40- 0.30- 0.20- 0.10- 0.00+ 0 Price ($) Sus Dus. 6 8 10 12 14 2 Millions of apples per day million apples per day. Q 3 temp 0 of
- scenario Production Advantage and Opportunity CostsAssume there are two countries, the United States and France, and two goods, automobiles andcomputers.The table presented below shows the number of automobiles and computers that the United States andFrance can produce with the same amount of resources.United States FranceAutomobiles 120 100Computers 60 55Source: Pearson Education Inc. 1.1 Which country has an absolute advantage in computer production? Motivate your answer.1.2 Which country has a comparative advantage in the production of automobiles? Motivateyour answer. 1.3 Assume these countries trade with one another under the conditions of free trade. Whichcountry will specialise in the production of automobiles? Motivate your answer. 1.4 If free trade exists between the United States and France, what are the highest and lowestlevels for the price of an automobile (expressed in terms of computers)? Motivate youranswer by stating which level favours the United States and France.why countries trade goods and services, and why such trade can increasewelfare.1.How do international economic relations differ from interregional economic relations?(b) In what way are they similar?2.How can we deduce that nations benefit from voluntarily engaging in international trade?3. Can you think of some ways by which a nationcan gain at the expense of other nations from traderestrictions? 4.Answer the following questions with reference toProblem 5.(a) What is the dollar price of wheat and cloth inthe United Kingdom if the exchange rate betweenthe pound and the dollar is £1 = $2? Would theUnited States be able to export wheat to the UnitedKingdom at this exchange rate? Would the UnitedKingdom be able to export cloth to the UnitedStates at this exchange rate?(b) What if the exchange rate between the dollarand the pound were £1 = $4?(c) What if the exchange rate were £1 = $1?(d) What is the range of exchange rates thatwill allow the United States to export wheat tothe United Kingdom and the United Kingdom toexport cloth to the United States. 5.(a)…
- Good morning, could you please help me to answer the following question:Thank you very much in advanceWhat are the social, economic, environmental and ecological impact factors of the use and production of plastic bags?What have been the most important international policies to reduce the production and consumption of plastic bags?ee-trade benefits Ttion to the positive welfare effects that free trade has on an economy, there are a variety of other benefits of international trade ng scenario: Thout free trade, Sapphira has market power as a local producer. Once free trade is implemented in the local economy, Sapphira ger able to raise its prices above competitive levels. vious scer represents which of the following benefits of free trade? D An enhanced flow of ideas Increased variety of goods Increased competition Lower costs through economies of scale Grade It Now SavThe following production possibilities schedule shows the quantities of tuckheat and comtt can be produced in the United States and Canada with one unit of equivlert resources Buckwheat Corn (bushels) (bushels) United States 64 14 Canada 24 6. For both countries to be able to gain from trade Canada would not gain by producing and exporting corn and importing buckwheat unless it received O A. any quantity of buckwheat. O B. more than 4.57 bushels of buckwheat per bushel of corn. O C. more than 4 bushels of buckwheat per bushel of corn. O D. more than 6 bushels of corn.