Producing socks is labor-intensive, while producing satellites is capital-intensive. If India has abundant labor, and the U.S.

Question:

Producing socks is labor-intensive, while producing satellites is capital-intensive. If India has abundant labor, and the U.S. has abundant capital, which good will the U.S. export? Is trade beneficial to textile laborers in the U.S.?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

See More Books

Question Posted: Nov 27, 2015 02:26 AM

See More Questions

Lakeland Industries operates two factories. The manufacturing operation of Factory 1 is machine intensive, while the manufacturing operation of Factory 2 is labor intensive. The company applies...
Prostheses Industries operates two factories. The manufacturing operation of Factory 1 is machine intensive, while the manufacturing operation of Factory 2 is labor intensive. The company applies...
Ramsey Company produces speakers (Model A and Model B). Both products pass through two producing departments. Model A's production is much more labor intensive than that of Model B. Model B is also...
Under Social Security, the family of a worker who dies while fully insured at the time of death has a right to survivors' benefits. True False
What is the six-step critical value approach to hypothesis testing?
Complete the table below for the missingvariances. Total Flexible Budget Product Cost Variance Total Direct Materials Variance Total Direct Labor Variance Total Manufacturing Overhead Variance b) (d...
The table below describes a hypothetical experiment on 2400 persons. Each row of the table specifies a category of person, as defined by their pre-treatment predictor $x$, treatment indicator $T$,...
Assume that interest rate parity holds. In both the spot market and the 90-day forward market, 1 Japanese yen = 0.0086 dollar. And 90-day risk-free securities yield 4.6% in Japan. What is the yield...
Assuming the market begins with a 50/50 split of lemon or inferior product and plum or better products. How does a "lemon" push out a "plum" from the market?
Goldstar Communications was organized on December 1 of the current year and had the following account balances at December 31, listed in tabular form: Early in January, the following transactions...
Imagine two nations with similar landmasses and levels of wealth that do not specialize in the same industries. What characteristics might drive differences in their comparative advantages?
Suppose Egypt wants to open its trade borders to the world market for natural gas. What will determine whether Egypt becomes a net-exporter or net-importer of natural gas? If Egypt becomes a...
What is the purpose of the time stamps in the zip code ASP.NET AJAX application?
What advantage does converting documents into a common format provide during document review in e-discovery?
The next seven questions will be on the Statement of Cash Flow, and the Indirect Method will be used. How about an easy question to start? What are the three Activities (sections) shown on the...
Use the (Keynesian) AD-AS model to answer the following questions. Draw the effects of a recession caused by a decrease in aggregate demand. For simplicity, assume that your economy starts at general...
3) Brady Division has operating income of $200,000 for the year ending December 31, 2011. Average invested capital is $1,000,000 and the weighted-average cost of capital is 10%. The division is...
How do emergent properties of group dynamics, such as social facilitation or deindividuation, influence individual behavior within collective settings?
In Exercises 2536, find the limit (if it exists). If the limit does not exist, explain why. lim (x, y) (0,0) In(x + y)
In Exercises 1-2, rewrite each verbal statement as an equation. Then decide whether the statement is true or false. Justify your answer. 1. The logarithm of the difference of two numbers is equal to...
1. A monopoly is inefficient solely because the monopolist gets a profit at the expense of consumers. ____________ (True/False) 2. To show the deadweight loss from monopoly, we compare the monopoly...
1. A monopoly is inefficient solely because the monopolist gets a profit at the expense of consumers. ____________ (True/False) 2. To show the deadweight loss from monopoly, we compare the monopoly...
1. A monopoly is inefficient solely because the monopolist gets a profit at the expense of consumers. ____________ (True/False) 2. To show the deadweight loss from monopoly, we compare the monopoly...
4 Smallman's Garage uses standards to plan and control labor time and expense. The standard time for an engine tune-up is 3.75 hours. and the standard labor rate is $15 per hour. Last week, 26...
For Kosko Company, actual sales are $1.218,000 and break-even sales are $962,220. Compute (a) the margin of safety in dollars and (b) the margin of safety ratio. Margin of safety Margin of safety...
Sheridan Corp. had total variable costs of $224.200 total hied costs of $143500, and total revenues of $380.000. Compute the required sales in dollars to break even

Producing socks is labor-intensive, while producing satellites is capital-intensive. If India has abundant labor, and the U.S.

Question:

Step by Step Answer:

If India has abundant labor and the US has abundant capital the US will e...View the full answer

Microeconomics

Students also viewed these Economics questions