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Category > Economics Posted 17 May 2017 My Price 10.00

International trade assignment.

May 09, 2017 at 8:00am

 

International trade assignment. You will need to use the data in excel to answer the first question. Please show me the working out.

 

To answer question 4: You will need this information. 

 

Consider the following model of trade between Home and Foreign. Assume throughout that those two countries are the only two countries in the world, at least for purposes of trade. There are two goods: Tables and Chairs. Consumers always spend two fifths of their income on chairs and the remainder on tables. The only factor of production is labour. Each home country worker can produce 1 table or 4 chairs per unit of time, while each foreign worker can produce 2 tables or 2 chairs per unit of time. There are 20 workers in Home and 30 in Foreign.

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SuperTutor
(15)
Status NEW Posted 17 May 2017 07:05 AM My Price 10.00

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