• It assumes that there is equal productivity across two households, output per worker and output per land.
• In production, there is constant returns to scale.
• There is constant returns to scale in exchange.
• It assumes that trade is very expensive.
skilled writter answered the question on April 27, 2018 at 17:51
-
Outline the assumptions or axioms of urban economics.
(Solved)
Outline the assumptions or axioms of urban economics.
Date posted:
April 27, 2018
.
Answers (1)
-
Outline the steps to be followed when constructing a mathematical model in linear programming.
(Solved)
Outline the steps to be followed when constructing a mathematical model in linear programming.
Date posted:
April 27, 2018
.
Answers (1)
-
What are the basic requirements of a linear programming model?
(Solved)
What are the basic requirements of a linear programming model?
Date posted:
April 27, 2018
.
Answers (1)
-
State the applications of indifference curves
(Solved)
State the applications of indifference curves
Date posted:
April 26, 2018
.
Answers (1)
-
Explain four ways in which trading countries benefits from economic integration
(Solved)
Explain four ways in which trading countries benefits from economic integration.
Date posted:
April 26, 2018
.
Answers (1)
-
State six limitations of Ricardian comparative cost theory.
(Solved)
State six limitations of Ricardian comparative cost theory
Date posted:
April 26, 2018
.
Answers (1)
-
State the assumptions of Ricardo’s theory of comparative advantage
(Solved)
Explain three types of production cost.
Date posted:
April 26, 2018
.
Answers (1)
-
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)