some questions

Anonymous
timer Asked: Jul 2nd, 2018
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Question description

I will give you some links which there are some essay. you have to read these and then answer the questions

Chapter 3 Gerber, Ch. 3 Wolak, “Our Comparative Advantage (Links to an external site.)Links to an external site.” Slaughter, “Comparative Advantage and American Jobs (Links to an external site.)Links to an external site.” Dizikes, “Economists find evidence for famous hypothesis of ‘comparative advantage’ (Links to an external site.)Links to an external site.” Prestowitz, “The Losses of Trade (Links to an external site.)Links to an external site.”
Chapter 3 – Comparative Advantage and the Gains from Trade Wolak, “Our Comparative Advantage” 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? Slaughter, “Comparative Advantage and American Jobs” 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? Dizikes, “Economists find evidence for famous hypothesis of ‘comparative advantage’” 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? Prestowitz, “The Losses of Trade” 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

Ben95
School: Carnegie Mellon University

Attached.

Last name 1

Student’s name
Instructor’s name
Course
Date
Chapter 3 – Comparative Advantages and the Gains from Trade
Wolak, “Our Comparative Advantage”
1. What type of production do China, India, and other developing countries
specialize in?
China, India and other developing countries specialize in the manufacture of labor-intensive
goods.
2. If the U.S produced more labor-intensive products, would they be more or less
expensive?
The United States specializes in the manufacture of products, which are both physical, human
and capital intensive due to the availability of the highly educated labor forces and technically
sophisticated tools. Therefore, the products from the United States would be more expensive due
to their relative scarcity of the inputs.
3. Why do we see more innovation and development in the U.S?
...

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Anonymous
Excellent job

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