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INR 2002 assign1

INR 2002 assign1 - does comparative advantage lead to trade...

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INR 2002 Homework Assignment These homework assignments are due Tuesday, April 17 th at 2:00pm. Bring them to class. Emailed homework will not be accepted. Assignment A For Tuesday, April 17th, complete the 'quiz' for chapter 14 at the textbook website (http:// bdm.cqpress.com/chap14/study.asp). Assignment B Complete the “Comparative Advantage and Gains From Trade” exercise on the textbook website: http://bdm.cqpress.com/chap13/exercises.asp . This exercise is under the ‘exercises’ tab on the website. Assignment C: Answer these questions. Please type your answers. 1. What is the difference between comparative advantage and absolute advantage? How
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Unformatted text preview: does comparative advantage lead to trade? 2. What are the factors of production? When factors are mobile, what groups within a country benefit from opening to trade? What groups are hurt? (Think in terms of factors.) What pattern of politics emerges? 3. Why does factor mobility matter? When factors are not mobile, what groups within a country benefit from opening to trade? What groups are hurt? What pattern of politics emerges? 4. What are the functions of the International Monetary Fund and World Bank? 5. Does compliance with international law indicate that international law alters behavior? Explain....
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