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- 1-Analyze the following (2x2) matrices. Identify the countries having certain advantages. Moreover, specify the benefits of trade for both countries. A (2x2) matrix involves (2 countries exchanging 2 commodities or products) Matrix A Wheat (bushels/labor Cloth (yards/labor hour) hour) United States U.K. 3. (Numerical values reflect output per unit of input) a. Will trade occur??? Identify the country having the absolute advantage in wheat and the one having the absolute advantage in cloth. b. Identify the production possibility frontiers for both countries. c. Show me the gains of trade if we assume that the U.S. exchanges 6 units of wheat for 6 units of cloth.1. How do corporations contribute to global market integration? Cite some real-life scenario. (Type your answers in 3 sentences only) 2.Enumerate the three (3) structural post-war period. 3.To what extent have global corporations become less regulated? (Type your answers in 3 sentences only) 4. Enumerate the three (3) countries in the BRICS economies 5.What are the three (3) primary countries considered as part of the "developed world" in 1990?1. Why are certain products made in the Philippines while others are produced abroad? 2. What sectors shape and influence the global economy’s operation? How do they interact with each other? 3. How did the world transition from the gold standard to the Bretton Woods system? What was its immediate impact? 4. According to Wallerstein’s world-systems analysis, to what group does the Philippines belong? Is his analysis reflective of current Philippine conditions? Explain. Photos for some reference in Question 2-4.
- (A) what percentage of this total was produced by the three largest economies shown in this bar graph? (b)what percentage of this total was produced by the three smallest economies shown in this bar?Commodities exported and imported by each nation constitute the trade; C: gains from trade; D: pattern of trade). (A: basis for trade; B: losses from1) Evaluate how the used of technology and digital transformation create the path to the sustainalbe development in a country and explain if it is helpful considering the current economic climate? Note: This evaluation will MUST be supported by authoritative sources. You are expected to provide references to at least five (5) pieces of documented material that support your views. 2) Translate: how does the used of technology and digital transformation create the path to the sustainalbe development mean to to an accountant? 3) Explain to full detilals The Path to Sustainable Development for Jamaica.” (Note: please provide answer in 4-5 paragraphs) NB: Answer question 1-3
- Question 1 a: Use a production possibilities frontier to describe the idea of trade-off. b: Accumulation of capital and change in technology bring economic growth, which means that the PPF keeps shifting outward: Production that was unattainable yesterday becomes attainable today; production that is unattainable today will become attainable tomorrow. Why doesn’t this process of economic growth mean that scarcity is being defeated and will one day be gone? (Word count: 150 words max.)Question 1 Consider the standard trade model with two goods and two factors, labour and capital. (a) Suppose that a country experiences an increase in its capital stock. How would the production possibility frontier change as a result? Illustrate this with a simple twogood diagram. (B) Consider two countries: Home and Foreign. Each country produces two goods, cloth (C) and food (F). Assume Home is an exporter of cloth. Assume also that Home is a large country. Now suppose Home imposes a 20 percent tariff on the value of food imports. What will be the effect of the food tariff on the relative price of cloth and terms of trade? Illustrate your answer with a relevant diagram.Essay: Can the Philippines benefit from the UN Sustainable Development Goals?
- Multiple-Choice Questions 1. If a nation has an absolute advantage in the production of a good, a. b. C. d. e. 2. If a nation has a comparative advantage in the production of a good, it can produce that good at a lower opportunity cost than its trading partner. it can produce that good using fewer resources than its trading partner. it can benefit by restricting imports of that good. it will specialize in the production of that good and export it. none of the above is true. a. b. it can produce that good at a lower opportunity cost than its trading partner. it can produce that good using fewer resources than its trading partner. it can benefit by restricting imports of that good. C. d. it must be the only country with the ability to produce that good. none of the above is true. e. 3. Which of the following statements about trade is true? a. Unrestricted international trade benefits every person in a country equally. b. People that are skilled at all activities cannot benefit from…1.a) Which of the following hampers the growth of global economy? a) spread of capitalism around the world. b) encouraging protectionism c) terms and conditions of NAFTA b) Companies that re willing or able to invest millions of dollars in operations abroad should ideally operate through _____? a) franchising agreements b) multinational corporations c) licensing agreements d) shell corporationsEconomic Scenario: Country A has one of the highest real GDP while country B has one of the highest real GDP per capita in the world respectively. a. Explain three (3) comparative differences between real GDP and real GDP per capita. b. What does this tell us, about the well-being of the residents of Country A and B ? Give an example of a country to support your answer.