International Trade
In the digital age, academic demands can be overwhelming, especially for nursing students who must juggle practical experiences, coursework, and exams. In such circumstances, seeking assistance from reliable online platforms becomes a viable option. One such platform that stands out is thenursingtermpaper.com. Thenursingtermpaper.com boasts of a team of qualified writers who specialize in nursing and related fields. This specialization ensures that the writers possess an in-depth understanding of nursing concepts, practices, and the latest developments in the field. Consequently, students can trust that their homework and term papers will be handled by experts with a profound knowledge of the subject matter.
Please answer the following two problems:
- Suppose that the U.S and Japan are two Ricardian economies. Both countries can produce only two goods; automobiles and computers. The characteristics of each economy are summarized in the following table.
|
Labor Productivity in Automobiles |
Labor Productivity in |
Endowment of labor |
|
|
United States |
20 |
10 |
100 |
|
Japan |
15 |
4 |
200 |
You are asked by the CEO to report the following information:
- Graph the production possibility frontier of both countries with computers on the horizontal axis and automobiles on the vertical axis. Please label the axes and calculate the intercepts.
- Identify absolute and comparative advantage of U.S. and Japan.
- Suppose that these two countries engage in free trade. Identify absolute and comparative advantage. Describe the pattern of trade. Explain briefly your reasoning.
- Suppose that the relative price of computers in terms of automobiles after trade is 3 [units (number) of automobiles per unit (number) of computers]. Using the same diagrams as in question 1a graph the consumption possibility frontier for both countries. Do both countries gain from trade?
- The U.S. market for computers is dominated by domestic firms such as Dell, Hewlett-Packard, and Apple. The U.S. market for consumer electronics is dominated by Japanese firms and brands such as Sony, JVC, Panasonic, Mitsubishi, and Toshiba. However, the U.S. automobile market includes both strong domestic firms like Ford and General Motors and formidable Japanese competitors like Toyota and Honda.
- Analyze each of the above mentioned industry from the standpoint of each country-based and firm-based theory of international trade discussed in this chapter. Which theory is the best predictor and which is the worst predictor of reality for these industries?
- Do the same theories work as well in making predictions for those industries?
- Based on what you know about the Japanese market, decide whether the same pattern of competitiveness that exists in the United States for the computer, consumer electronics, and automobile industries also holds true for that market. Why or why not?
Thenursingtermpaper.com offers custom writing services, allowing students to provide specific instructions for their term papers. This ensures that each paper is tailored to the individual’s requirements, and it reflects the student’s unique perspective on the given topic. Moreover, thenursingtermpaper.com places a high emphasis on originality, guaranteeing that all delivered work is plagiarism-free. Meeting academic deadlines is paramount for students’ success. Understanding this, thenursingtermpaper.com prides itself on delivering papers promptly. By placing an order with this platform, students can have peace of mind, knowing that their term papers will be completed within the stipulated timeframe.
Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code "Newclient" for a 15% Discount!
NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.
