Task Name: Phase 2 Individual Project Deliverable Length: 1,000–1,200 words
Details: Weekly tasks or assignments (Individual or Group Projects) will be due by Monday and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time.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?Please submit your assignment.Click on Student Expectations to view the expectations for this assignment.Assignment Grading RubricFor assistance with your assignment, please use your text, Web resources, and all course materials.
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
Do you need an answer to this or any other questions?
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will
direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.
