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• There only two countries and two commodities
• The production cost is expressed in terms of labor.
• There is a perfect competition in commodity and factor market.
• There is no transportation cost.
• There is full employment in both countries.
• The production is subject to constant returns to scale
• The trade between the two countries is barter trade
• The technology does not change.
• There are no trade barriers
• Labor is the only factor of production
• Labor is perfectly mobile in a country but immobile between the two countries.
skilled writter answered the question on April 26, 2018 at 16:58
- List the impacts of tariffs(Solved)
List the impacts of tariffs.
Date posted: April 26, 2018. Answers (1)
- Using relevant examples, discuss FIVE methods of protectionism(Solved)
Using relevant examples, discuss FIVE methods of protectionism
ECO 414: INTERNATIONAL ECONOMICS 1
FOURTH YEAR FIRST SEMESTER
TOPIC: Protectionism
Date posted: April 22, 2018. Answers (1)
- Discuss the effects of Government borrowing on the Economy and give a possible solution to the problems(Solved)
Discuss the effects of Government borrowing on the Economy and give a possible solution to the problems.
Date posted: April 22, 2018. Answers (1)
- Evaluate the historical approach’s view regarding the explanation of the subject matter and functions of public approach(Solved)
Evaluate the historical approach’s view regarding the explanation of the subject matter and functions of public approach.
Date posted: April 22, 2018. Answers (1)
- State and explain assumptions of the Ordinary Least Squares(Solved)
State and explain assumptions of the Ordinary Least Squares.
Date posted: April 22, 2018. Answers (1)
- State and explain the steps an econometrician uses to carry out Econometric Analysis(Solved)
State and explain the steps an econometrician uses to carry out Econometric Analysis.
Date posted: April 22, 2018. Answers (1)
- What are the problems facing the Kenya’s economy?(Solved)
What are the problems facing the Kenya’s economy?
Date posted: April 21, 2018. Answers (1)
- Discuss Kenya’s economic system(Solved)
Discuss Kenya’s economic system.
Date posted: April 21, 2018. Answers (1)
- Explain briefly the various stages of economic development according to W.W. Rostov(Solved)
Explain briefly the various stages of economic development according to W.W. Rostov.
Date posted: April 21, 2018. Answers (1)
- Discuss the problems associated with using per capita income to compare standard of living over time(Solved)
Discuss the problems associated with using per capita income to compare standard of living over time
Date posted: April 21, 2018. Answers (1)
- Describe the development of money from barter trade system to the digital trade system(Solved)
Describe the development of money from barter trade system to the digital trade system.
Date posted: April 21, 2018. Answers (1)
- In respect to demand for money, discuss the following motives of holding money: a. Transaction motive b.Asset motive c. Speculative motive d.Portfolio motive(Solved)
In respect to demand for money, discuss the following motives of holding money:
a. Transaction motive
b.Asset motive
c. Speculative motive
d.Portfolio motive
Date posted: April 21, 2018. Answers (1)
- State and explain ten reasons that causes most developing countries to find themselves excessively borrowing resulting to a public debt crisis?(Solved)
State and explain ten reasons that causes most developing countries to find themselves excessively borrowing resulting to a public debt crisis?
Date posted: April 17, 2018. Answers (1)
- Critically explain Malthusian theory of population(Solved)
Critically explain Malthusian theory of population.
Date posted: April 16, 2018. Answers (1)
- Define and state the significance of Pareto efficiency
(Solved)
Define and state the significance of Pareto efficiency
Date posted: April 7, 2018. Answers (1)
- Differentiate between positive and normative economics
(Solved)
Differentiate between positive and normative economics
Date posted: April 6, 2018. Answers (1)
- What is the difference between impact and incidence?(Solved)
What is the difference between impact and incidence?
Date posted: April 5, 2018. Answers (1)
- What are the reasons for studying economics of education?(Solved)
What are the reasons for studying economics of education?
Date posted: April 4, 2018. Answers (1)
- Investment planning proposal(Solved)
Investment Planning Proposal
Imagine you are meeting with friends to discuss the importance of investments as part of a retirement plan.
Read the following summaries of the financial situation and goals of two of your friends:
Kathy
Kathy is a 28-year-old, single mother of twin boys. She has been working as a public relations media specialist for three years, having worked at the same company where she started out answering the phones. She has her B.A. in Communications and a student loan of USD20,000 she has not yet begun to pay off. Her job pays USD70,000 a year. She receive no financial support from the father of her twins. Her costs include paying for childcare, credit cards, and a mortgage. She is able to set aside between USD200-325 a month in a savings account. Her financial goals are to pay off the remaining USD1,000 of her credit card debt, and to begin contributing to a retirement plan. Her employer offers a 401k with a 3% match, and she is not yet enrolled in that plan.
Jackson
Jackson is a recently graduated 44-year-old, single man. He earned his B.S. in Criminal Justice and just recently started a job at the local police department earning USD45,000 a year. Jackson pays child support for one child from a previous marriage. His student loans total USD30,000, and he has no other debt at this time. He expects to have $200 a month to contribute toward his goals of owning a home and having a more secure retirement.
Choose one friend and write an APA-formatted, 3- to 4-page proposal advising a friend about investing for the future. The text of your proposal should be a minimum of 700 words. You may add any graphics or illustrations that support your proposal.
Address the following in your proposal:
Why is investment planning important?
How would you suggest your friend start retirement planning? What steps should he/she take to start?
What investment strategy would you suggest? Why? (Note: Your strategy should explain how money could be invested in stocks, bonds, mutual funds or a mix of all.)
Of what risks and rewards of investing should your friend be aware?
How could your friend minimize the risks associated with investing risk?
Provide two to three resources you would offer to your friend to continue learning more about investments and retirement planning and discuss how these can help.
Your paper must cite two to three academic resources (only one source can be your class textbook).
Submit your proposal.
Date posted: April 4, 2018. Answers (1)
- a)In each of the following three situations, use the binomial, poisson, or normal distribution depending on which is the most appropriate.
In each case,...(Solved)
In each of the following three situations, use the binomial, poisson, or normal distribution depending on which is the most appropriate.
In each case, explain why you selected the distribution and draw attention to any feature which supports or casts doubt on the choice of distribution.
Situation 1:
The lifetimes of a certain type of electrical components are distributed with a mean of 800 hours and standard deviation of 160 hours.
Required:
Identify situation 1. (2 marks)
If the manufacturer replaces all components that fail before the guaranteed minimum life time of 600 hours, what percentage of the components have to be replaced?
(3 marks)
If the manufacturer wishes to replace only 1% of the components that have the shortest life, what value should be used as the guaranteed lifetime? (3 marks)
What is the probability that the mean lifetime of a sample of 25 of these electrical components exceeds 850 hours? (2 marks)
Date posted: April 2, 2018. Answers (1)