answer question from article

Anonymous
timer Asked: Jul 1st, 2018
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Question description

http://www.nytimes.com/roomfordebate/2011/01/18/ca...

1. What type of production do China, India and other developing countries specialize in?

2. If the U.S. produced more labor intensive products, would they be more or less expensive?

3. Why do we see more innovation and development in the U.S?

http://www.wsj.com/articles/SB10001424052748703555...

1. What are the three principles that Slaughter raises?

2. According to his first principle, what key mistake are many politicians making?

3. How can we harmonize the second and third principles?

http://news.mit.edu/2012/confirming-ricardo-0620

1. Why is it difficult to prove comparative advantage?

2. How many crops across how many countries did the two economists study?

3. What general conclusion was drawn from their test?

http://www.huffingtonpost.com/clyde-prestowitz/the...

1. According to Prestowitz, what are the conventional arguments for free trade?

2. This article cites a journal study that considers different costs to trade. What are some of those

costs?

3. Why are the costs more substantial than what is normally assumed under conventional trade

theory?



Tutor Answer

nkostas
School: Cornell University

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Running Head: Economics

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Production type that China, India and other developing countries specialize in
The developed countries like China, India specialize in production of labor-intensive
products because they have their price of labor is very high (Ruffin 133-143).
Would the U.S be more or less expensive if they produced more labor-intensive products?
The United States would produce more expensive if they were to produce more laborintensive products because of their more expensive labor (Ruffin 133-143).
Why we see more innovations and development in the United States
The development and innovation are likely to be seen in the United States because they
have provided regulatory, economic and legal support for the implementation and development
of new green technologies (Ruffin 133-143).
Three principles raised by Slaughter
The three principle that slaughter raises is clean energy, education, and investment on
infrastr...

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Anonymous
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