All Matches

Solution Library

Expert Answer

Textbooks

Search Textbook questions, tutors and Books

Oops, something went wrong!

Change your search query and then try again

Result Not Found

Books FREE
Tutors
Study Help
Hire a Tutor
AI Study Help New

Search
Sign In
Register

study help
business
international economics theory

Questions and Answers of International Economics Theory

12. The Hatfield family lives on the east side of the Hatatoochie River, and the McCoy family lives on the west side. Each family’s diet consists of fried chicken and corn-on-the-cob, and each is
c. From their original production point, farmers reduce their production of wheat to 2 billion bushels and increase their production of corn to 12.044 billion bushels. Along the production
b. From their original production point, farmers transfer 40 million acres of land from corn to wheat production.They now produce 3.158 billion bushels of wheat and 10.107 billion bushels of corn.
a. From their original production point, farmers use 40 million acres of land to produce 1.8 billion bushels of wheat, and they use 60 million acres of land to produce 9 billion bushels of corn. The
11. According to data from the U.S. Department of Agriculture’s National Agricultural Statistics Service, 124 million acres of land in the United States were used for wheat or corn farming in 2004.
d. After the innovation, which tribe had an absolute advantage in producing meatballs? In producing spaghetti? Which had the comparative advantage in meatball production? In spaghetti production?
c. Draw the new monthly production possibilities curve for the Frivoli.
b. Which tribe has the comparative advantage in spaghetti production? In meatball production?In A.D. 100, the Frivoli discovered a new technique for making meatballs that doubled the quantity of
a. Assume that all production possibilities curves are straight lines. Draw one diagram showing the monthly production possibilities curve for the Tivoli and another showing the monthly production
10. In the ancient country of Roma, only two goods, spaghetti and meatballs, are produced. There are two tribes in Roma, the Tivoli and the Frivoli. By themselves, the Tivoli each month can produce
c. Draw a production possibilities curve for Bermuda, with fish on the horizontal axis and hotel stays on the vertical axis, and label Bermuda’s actual production point for the year 2000.
b. If all 3,409 hotel employees were to become fishermen (in addition to the 307 fishermen already working in the fishing industry), how many metric tons of fish could Bermuda produce?
a. If all 307 registered fishermen were to be employed by hotels(in addition to the 3,409 people already working in hotels), how many hotel stays could Bermuda produce?
9. Two important industries on the island of Bermuda are fishing and tourism. According to data from the World Resources Institute and the Bermuda Department of Statistics, in the year 2000 the 307
What does this imply about the slope of the production possibilities curve?
e. Explain why the answers to parts c and d are not the same.
b. Can Atlantis produce 500 pounds of fish and 800 pounds of potatoes? Explain. Where would this point lie relative to the production possibilities curve?
a. Draw a production possibilities curve with potatoes on the horizontal axis and fish on the vertical axis, and illustrate these options, showing points A–F.
8. Suppose Atlantis is a small, isolated island in the South Atlantic.The inhabitants grow potatoes and catch fish. The accompanying table shows the maximum annual output combinations of potatoes and
7. Evaluate this statement: “It is easier to build an economic model that accurately reflects events that have already occurred than to build an economic model to forecast future events.” Do you
6. Why do we consider a business-cycle expansion to be different from economic growth?
e. All disagreements among economists are generated by the media.
d. “The system of public education in this country generates greater benefits to society than the cost of running the system”is a normative statement.
c. Economics cannot always be used to determine what society ought to do.
b. “We should lower taxes to encourage more work” is a positive statement.
a. “When people must pay higher taxes on their wage earnings, it reduces their incentive to work” is a positive statement.
5. Are the following statements true or false? Explain your answers.
d.Would low-wage Asian workers benefit from or be hurt by such a policy?
c. Would such a policy make some Americans better off without making any other Americans worse off? That is, would this policy be efficient from the viewpoint of all Americans?
b. Is the policy that is being advocated consistent with the statement about the wages and productivities of American and Asian workers?
a. Which parts of this quotation are positive statements?Which parts are normative statements?
4. A representative of the U.S. clothing industry recently made this statement: “Workers in Asia often work in sweatshop conditions earning only pennies an hour. American workers are more
3. Use the concept of opportunity cost to explain the following situations.a. More people choose to get graduate degrees when the job market is poor.b. More people choose to do their own home repairs
2. Describe some of the opportunity costs of the following choices.a. Attend college instead of taking a job.b.Watch a movie instead of studying for an exam.c. Ride the bus instead of driving your
1. Imagine a firm that manufactures textiles (pants and shirts).List the four categories of resources, and for each category, give an example of a specific resource that the firm might use to
Country A’s opportunity cost of producing corn is 1⁄4 computers, so thatis the lowest price they will accept to sell corn to Country B.
e. What is the minimum price Country A will accept to export corn to Country B? Explain.
d. If each country specializes, what good will Country B import? Explain.
c. Which country has a comparative advantage in corn production? Explain.
b. Which country has an absolute advantage in computer production? Explain.
a. What is the opportunity cost of a bushel of corn in each country?
2. Refer to the story of Tom and Hank illustrated by Figure 4.1 in the text. Explain why Tom and Hank are willing to engage in a trade of 1 fish for 11⁄2 coconuts.
c. What type of specialization results in the greatest gains from trade between the two countries?
a. Which country has an absolute advantage in the production of automobiles? In washing machines?
1. In Italy, an automobile can be produced by 8 workers in one day and a washing machine by 3 workers in one day. In the United States, an automobile can be produced by 6 workers in one day, and a
How comparative advantage leads to gains from trade in the global marketplace
The difference between absolute advantage and comparative advantage
How trade leads to gains for an individual or an economy
b. What is covered in your organization’s code of conduct? Are copies readily available to employees?|
a. Does your organization have a compliance and ethics office?
2. Use the questions below to evaluate how your organization attempts to obtain compliance with rules,
1. Identify an organization to analyze, preferably your employer.
' Do you feel that some strategies were not used that should have been used? Why or why not?
' Which strategies do you think have the most impact in reducing illegal and unethical behavior?Why?
' How many different strategies did you find?
2. Briefly review the guidelines looking for evidence of different strategies for encouraging compliance.Then answer the following questions with a group or as a class:
]. The United States Sentencing Commission has posted the current version of the Federal Sentencing Guidelines Manual on its web site. Download or view the most recent copy of Chapter 8: The
2. What changes in context are most influential in changing your compliance with the requirements of a situation?
1. What factors seem to most influence whether you will comply with the requirements of a situation?
6. As instructed by the professor, share your answers in groups or with the class.
5. Reconsider the situation from the perspective of your instructor. Do you think your instructor has the same objectives that you do? Why or why not? If there are differences between your objectives
4. Now, consider what the instructor can do to help you achieve your objectives. VVhat measures would be appropriate for assessing the instructor”s performance relative to your objectives? Write a
' How much control do you have over achieving your objectives?
' Do any measures show up for multiple objectives?
' Do you see any objectives that appear to be contradictory?
3. Compare the objectives and measures that you have developed. Then develop answers to the follow—ing questions:
2. For each of the strategic objectives that you listed, identify some key measures that will help you determine whether or not you are on track to achieve that objective. Remember, one objective may
1. Write a list that summarizes your strategic objectives for getting an education at this point in your life.As you work on developing the list, think about more than just getting a degree (although
4. What concerns do you have about internal and/or external integration? How do you think you should handle these concerns?
3. What are your current scheduling concerns? Assuming that you do not have unlimited resources, make a few suggestions for resource leveling and set up a Gantt chart.
2. Create a chart of earliest and latest start and finish times. Determine the critical path. What is the shortest time from start to finish?
1. Based on the list of activities, prepare a PERT/ CPM network diagram. What is the critical path?
5. Overall, how well was this project or event coordinated? What were the key successes? \Where were some needed details overlooked?Rfiectian As we noted in Module 1 in the Managing Groups and
4. To what extent was there a need to coordinate resources (money, equipment, supplies) as well as people? What role did you play in the coordination of resources?
3. To what extent was there a clear understanding regarding a schedule or timeline? What role did you play in devising the schedule?Planning :md Caordändtäng Projects ]. 29
2. To what extent was the project explicitly segmented into smaller, more manageable activities? Describe the process by which the project was divided up. What role did you play in dividing the
]. To what extent were goals and objectives of the project made explicit? What role did you play in clarifying goals and objectives?
. Once you are confident that you have identified the root causes of the problem, write a memo sug—gesting how the operations of the cross-functional team could be improved.
When you identify a problem, try to determine its specific source(s). That is, don’t just say “Meetings do not accomplish anything.M Try to determine the cause of the problem: Are goals unclear?
. Analyze the situation in terms of the key guidelines for managing cross—functionally as presented in this section. Find specific ways in which the situation is being managed well, as well as
l. Identify a situation that you are currently in at school, at work, or in some other formal organization that has cross-functional elements to it.
4 What was better about the previous format for student orientations? What is better about the new format?
3. What issues of internal and external integration will need to be addressed in carrying out this task?
2 What people-related issues do you foresee?
]. What work— or task—related issues need to be addressed in order to carry out the provost’s request?
' Does your chart match with the larger chart in terms of how you actually accomplish your worki
' Which areas depend on inputs from you to get their work donel>
' Which areas are you most dependent on to get your work done?
3. Think about your job in the organization (as an employee or student) and draw a new chart. Put yourself in the center and draw connections to all the areas in the organization that you need to be
' Suppose you had to select members to be part of a cross-functional team. Your project would be large scale and would affect the basic needs of many employees. (For example, an upgrade to a central
' Choose one central and one supportive unit represented on the organization chart. Based on what you see in the chart, what power differences would you expect to see when comparing the two units?
' What parts play a supporting role to other functions in the organization? Why would you describe these parts as supporting?
What do we do well in working together?
What do we do that frustrates each other?
What could we do to develop our working relationship?
How well do we currently work together?
12. What else is important to you about leadership in your business?
11. What makes an effective consulting relationship for your business?
10. What do you look for in external providers of leadership development?
9. What are the skills you are looking for in your HR and leadership development specialists?

Showing 1100 - 1200 of 3350

First
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Last

Services

Sitemap
Fun
Definitions
Become Tutor
Study Help Categories
Recent Questions
Expert Questions

Company Info

Security
Copyrights
Privacy Policy
Terms & Conditions
SolutionInn Fee
Scholarship

Get In Touch

About Us
Contact Us
Career
Jobs
FAQ
Campus Ambassador

Secure Payment

Download Our App

© 2024 SolutionInn. All Rights Reserved