Which is the law of one price likely to eliminate: a transferable or an inherent comparative advantage?

Question:

Which is the law of one price likely to eliminate: a transferable or an inherent comparative advantage? Explain your answer.

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

Step by Step Answer:

Related Book For book-img-for-question

Macroeconomics

ISBN: 978-0077307110

8th edition

Authors: David Colander

See More Books

Question Posted: Feb 12, 2016 05:54 AM

See More Questions

What is the law of one price?
Why is the law of one price important to any discussion of the future of the U.S. economy?
One of the basic economic laws is "the law of one price." It says that given certain assumptions one would expect that if free trade is allowed, the price of goods in countries should converge. a....
Find a function (x, y) such that = (y, x).
With reference to the M&M irrelevance theorem, calculate the market value of an unlevered firm (U) and an identical risk-levered firm (L). The expected EBIT of the unlevered firm (U) = $1.5 million,...
In what ways is PHP similar to JavaScript?
The SI units of stress are: (a) $\mathrm{kg} / \mathrm{mm}^{2}$ (b) $\mathrm{N} / \mathrm{mm}$ (c) $\mathrm{N} / \mathrm{mm}^{2}$ (d) N.mm
The presence of an unseen planet orbiting a distant star can sometimes be inferred from the motion of the star ab we see it. As the star and planet orbit the center of mass of the star-planet system,...
Gerald Sales has total owner's equity of $18,700. The firm has current liabilities of $2,500 and total assets of $31,800. What is the value of the long-term debt, if you also know that market value...
Write SQL queries to answer the following questions: a. List the numbers of all sections of course ISM 3113 that are offered during the semester "1-2015." b. List the course IDs and names of all...
From the standpoint of adjustment costs to trade, which would a country preferinherent or transferable comparative advantage? Why?
What are two methods by which the wage gap between Chinese and U.S. workers will likely narrow?
Calculate dollar amounts accurate to the cent and percent amounts to three-figure accuracy. 12 3 4 % of what amount is $27.50?
a. Consider the points $\mathrm{a}$ and $\mathrm{b}$ in Figure Q23.18. Is the potential difference $\Delta V_{\mathrm{ab}}$ between points a and $\mathrm{b}$ zero? If so, why? If not, which...
Rank in order, from largest to smallest, the currents $I_{1}, I_{2}$, and $I_{3}$ in the circuit diagram in Figure Q23.12. R = 3R www R = 2R ww ww T FIGURE Q23.12
Initially, bulbs A and B in Figure Q23.17 are both glowing. Bulb B is then removed from its socket. Does removing bulb B cause the potential difference $\Delta V_{12}$ between points 1 and 2 to...
Describe how the principles of operant learning theory and social cognitive theory can be used to manage workplace diversity and reduce the effects of workplace stereotypes. How can the...
Using an Internet-based search on 'build operate transfer," find an additional definition from a source other than used in Section 14.2. Copy and paste it, as well as any graphics, examples,...
Divide the following pair of unsigned binary numbers (show each step of the process): 101110 2 011 2 .
KD Insurance Company specializes in term life insurance contracts. Cash collection experience shows that 20 percent of billed premiums are collected in the month before they are due, 60 percent are...
In analyses of the sources of economic growth, a common statistic reported about the U.S. economy is labor productivity. Defined as output per hour of work, labor productivity is a simple measure of...
Economist Daron Acemoglu of the Massachusetts Institute of Technology has written extensively about the role of political institutions and economic growth. Acemoglu distinguishes broadly between two...
In studying the economic history of England before the Industrial Revolution, Professor Gregory Clark discovered an interesting fact. Examining archival data on wills and estates, he found that...
The Pew Internet and American Life Project reported on the widespread use of the Internet to search for information regarding experimental treatments or medicines. From telephone interviews of 1005...
write the differences between Microprocessors and Microcomputers. compare between them and draw the block diagram for each one. B) define the interface and mention it's types with brief description....
Write a program that prompts the user for the constitutive parameters (relative permittivity, relative permeability, and conductivity) in medium 1 and medium 2 separated by a planar surface. You are...

Which is the law of one price likely to eliminate: a transferable or an inherent comparative advantage?

Question:

Step by Step Answer:

The law of one price will likely eliminate a tra...View the full answer

Macroeconomics

Students also viewed these Economics questions