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Author Question: Use national demand and supply curves to show (a) the incentives for trade to begin between nations. ... (Read 301 times)

asd123

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on: Jun 30, 2018
Use national demand and supply curves to show (a) the incentives for trade to begin between nations. (b) the effect on the likely pattern of trade of a change in technology in A that causes A's national supply curve to shift out.
 
  (c) the effect on the likely pattern of trade of a change in tastes in B in favor of good S.

Question 2

In leading the opposition to the adoption of NAFTA, H. Ross Perot argued that NAFTA would lead to
 
  A) a loss of U.S. competitiveness with Canada.
  B) a loss of U.S. manufacturing jobs to Mexico.
  C) a loss of U.S. willingness to negotiate the Uruguay Round.
  D) All of the above.


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soda0602

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Reply #1 on: Jun 30, 2018
Answer to Question 1

(a) Trade is likely to occur along the lines of comparative advantage.
(b) An increase in supply of S in A will cause A to export more S (import less S).
(c) An increase in demand for S in B will cause B to import more S (export less S).

Answer to Question 2

B


asd123

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

cdmart10

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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