Question

The gains from international trade generally tend to offer benefits to smaller, developing countries, more so...

The gains from international trade generally tend to offer benefits to smaller, developing countries, more so than large countries like the United States. Why might this be the case? Offer at least 2 reasons contrasting a country like Vietnam versus the United States.

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Reason 1. The Currency Value is basically higher in dvelopped countries comparing to developing and smaller countries. So that it's cost more to do this job in their home country like labour , capital. So that the developed countries has more offer benefits than the developping and small countries.

Reason 2. In Developing Countries they sell resources to gain profit but in the developed countries they are getting resources from other countries for their basic needs .

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1.) In analyzing the gains and losses from international trade, to say that Moldova is a...
1.) In analyzing the gains and losses from international trade, to say that Moldova is a small country is to say that a. Moldova can only import goods; it cannot export goods. b. Moldova’s choice of which goods to export and which goods to import is not based on the principle of comparative advantage. c. only the domestic price of a good is relevant for Moldova; the world price of a good is irrelevant. d. Moldova is a price taker...
3. Gains from trade Consider two neighboring island countries called Dolorium and Arcadia. They each have...
3. Gains from trade Consider two neighboring island countries called Dolorium and Arcadia. They each have 4 million labor hours available per month that they can use to produce rye, jeans, or a combination of both. The following table shows the amount of rye or jeans that can be produced using 1 hour of labor. Country Rye Jeans (Bushels per hour of labor) (Pairs per hour of labor) Dolorium 5 20 Arcadia 8 16 Initially, suppose Arcadia uses 1 million...
2. Gains from trade Consider two neighboring island countries called Euphoria and Arcadia. They each have...
2. Gains from trade Consider two neighboring island countries called Euphoria and Arcadia. They each have 4 million labor hours available per month that they can use to produce corn, jeans, or a combination of both. The following table shows the amount of corn or jeans that can be produced using 1 hour of labor. Country Corn Jeans (Bushels per hour of labor) (Pairs per hour of labor) Euphoria 4 16 Arcadia 6 12 Initially, suppose Arcadia uses 1 million...
Q2: Some economists suspect that one of the reasons that economies in developing countries grow so...
Q2: Some economists suspect that one of the reasons that economies in developing countries grow so slowly is that they do not have well-developed financial markets. Does this argument make sense? Q3. When interest rates fall, how might you change your economic behavior? Q4: Why are financial markets important to the health of the economy? Q5: When the American dollar worth more in relation to currencies of other countries, would an American be more likely to buy American-made or foreign-made...
1. Gains from trade Consider two neighboring island countries called Arcadia and Dolorium. They each have...
1. Gains from trade Consider two neighboring island countries called Arcadia and Dolorium. They each have 4 million labor hours available per month that they can use to produce corn, jeans, or a combination of both. The following table shows the amount of corn or jeans that can be produced using 1 hour of labor. Country Corn Jeans (Bushels per hour of labor) (Pairs per hour of labor) Arcadia 12 24 Dolorium 8 32 Initially, suppose Arcadia uses 1 million...
Included among the reasons why less developed economies tend to have more informal activity than more...
Included among the reasons why less developed economies tend to have more informal activity than more developed economies is: Select one: a. developing economies’ formal institutions are more economically efficient. b. lower levels of income make complying with rules, regulations, laws, and social norms relatively easier in developing economies. c. informal institutions are more likely to clash with formal institutions because developing countries’ formal institutions have been recently established while their informal institutions are based on ancient traditions and customs....
Title: World Food Price Rises Threaten Aid 1 Key Concepts: political economy, global economy, trade, globalization,...
Title: World Food Price Rises Threaten Aid 1 Key Concepts: political economy, global economy, trade, globalization, levels of economic development Notes: As rising food prices threaten to disrupt food supplies, countries like Pakistan are guarding their subsidized wheat to ensure that the supply is large enough to feed those in greatest need. One man says he actually left work to stand in line to receive food. He has eight people who depend on him. Certain regions of Africa have been...
This article illustrates the political economy of international trade and the concept of comparative advantage. Explain...
This article illustrates the political economy of international trade and the concept of comparative advantage. Explain the nations who are the "Winners" and "Losers" (5 points) and why as described in this article, and the effect of "arbitrary government intervention" that circumvents the workings of free trade initiated by Senator Trent Lott as described in the article? Use the economic concept of comparative advantage in your explanation (5 points). Due Jan 15 As a side note - why do a...
Topic: Why is unemployment so high in Europe? Briefly discuss. Optional reading: You can use any...
Topic: Why is unemployment so high in Europe? Briefly discuss. Optional reading: You can use any Web browser to search for the words “European unemployment.” Just by scanning the headlines, see how many possible explanations you can list. Why Is Unemployment So High in Europe? Between World War II and the mid-1970s, unemployment in Western Europe was low. From 1960 to 1974, for example, the unemployment rate in France never got as high as 4 percent. The worldwide recession of...
Point/Counterpoint from chapter 14. Take a stand. Do you agree or disagree? Write a minimum of...
Point/Counterpoint from chapter 14. Take a stand. Do you agree or disagree? Write a minimum of one paragraph for each one. Chapter 14 Exporting E-waste: A Fair Solution? Point Yes Exporting is always and everywhere a win-win situation: The more companies and countries export, the more they improve market efficiency. Exporting enables companies to increase sales, improve productivity, and diversify activities. Likewise, exporting helps countries generate jobs, accelerate innovation, and improve living standards. In broader terms, it promotes connections among...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT