Labor-abundant country | Economics homework help

[ad_1]

Suppose that there are two products: clothing and soda. Both Brazil and the United States produce each product. Brazil produces 100,000 units of clothing per year and 50,000 cans of soda. The United States produces 65,000 units of clothing per year and 250,000 cans of soda. Assume that costs remain constant.
What would be the production possibility frontiers for Brazil and the United States?
Without trade, the United States produces 45,000 units of clothing and 150,000 cans of soda.
Without trade, Brazil produces 75,000 units of clothing and 30,000 cans of soda.
Denote these points on each other’s production possibility frontier. 
What is the marginal transformation rate for each country?
Should the two countries specialize and trade?
If so, who has the comparative advantage in what product?
Once they specialize, how much does output increase? 
What are the terms of trade if the United States trades 1 can of soda for 5 units of clothing?
Are the consumers in each country better off? 
What is the labor-intensive good?
What is the labor-abundant country?
What is the capital-abundant country?
Could trade help reduce poverty in Brazil and other developing countries?
How do product and factor prices and wages eventually equalize between the two countries?

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Australia Assessments
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Leadership Studies
It was really well written!
Customer 453975, February 28th, 2020
Business
Excellent work!
Customer 463463, October 13th, 2022
Business and administrative studies
Excellent.
Customer 458115, May 16th, 2022
Business
Perfect
Customer 463337, April 18th, 2023
Other
Paper is great but I had to turn in past my deadline.
Customer 463301, October 1st, 2022
Project Management
I gave a lower rating on the service because, a notification from the support team went out but it did not come to my email address. Had I not looked earlier on the website, then I would have been penalized for not turning in my paper on time. On my profile, I have a phone# and I also have an email address. Please set up a system to text or email new messages or notifications from the writer or support team. This will ensure that the order is processed in a timely manner. With the new and upcoming technology, this seems like it should be an easy fix to have a tool built in the website to email or text notifications of changes to orders. This is no reflection to the support team. I see this as a system issue and not a support team issue.
Customer 463323, September 26th, 2022
Business and administrative studies
Excellent
Customer 460073, July 2nd, 2022
Finance/Acc Related
Well answered.
Customer 460073, April 29th, 2022
Business and administrative studies
I received a mastery on this assignment!
Customer 463143, August 31st, 2022
Interior Decoration
Excellent work! We look down to your future contribution
Customer 463463, November 16th, 2022
Other
Thank you for the beautifully written paper and amazing customer service.
Customer 452455, May 26th, 2023
Management
Thank you! Yes I did receive my paper on time. Thank you for all the help.
Customer 453975, February 3rd, 2020
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat