Consider a situation in which two countries that can produce

Consider a situation in which two countries that can produce a good are subject to forward-falling supply curves (Average Cost curves). In this case, however, suppose that the two countries have the same costs so that their supply curves are identical. 

a)What would you expect to be the pattern of international specialization and trade? What would determine who produces the good? (10) 

b)What are the benefits of international trade in this case? Do they accrue only to the country that gets the industry? (10) 

c)If one of the countries, which does not have the industry, has potentially a cost advantage due to cheap labor, what would then be the benefits of trade for the world and that country? (10)

How Our Website Works

1. FILL IN OUR SIMPLE ORDER FORM

It has never been easier to place your order. Fill in the initial requirements in the small order form located on the home page and press “continue” button to proceed to the main order form or press “order” button in the header menu. Starting from there let our system intuitively guide you through all steps of ordering process.

2. PROCEED WITH THE PAYMENT

All your payments are processed securely through PayPal. This enables us to guarantee a 100% security of your funds and process payments swiftly.

3. WRITER ASSIGNMENT

Next, we match up your order details with the most qualified freelance writer in your field.

4. WRITING PROCESS

Once we have found the most suitable writer for your assignment, they start working on a masterpiece just for you!

5. DELIVERY

Once finished, your final paper will be available for download through your personal dashboard. You will also receive an email notification with a copy of your paper attached to it. Sometimes, the writer may leave a note for you about the order in case there is any additional information that they need to give you.

Leave a Reply

Your email address will not be published.