S-4 Ch 4 Hecksher-Olin - Chapter 4 Trade: Factor...

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W. J. Streeter MEC 292 – FALL 2008 Chapter 4 Trade: Factor Availability and Factor Proportions Are Key Hecksher-Olin extension of the Ricardo model
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W. J. Streeter mec 292 – Fall 2008 Syllabus Method of Evaluation Quizzes 5% of final grade Class Participation 5% Article Review 5% Written Assignment #1: 5% Due S6 chapters 2,3,4 Written Assignment #2: 5% Due S13 chapters 5,7-9, 16 Mid-term test #1 15% S15 Mid-term test #2 15% S21 Written Assignment #3: 5% Due S23 chapters 14,15,17-19 Written Assignment #4: 5% Due S26 chapters 20-22 Final Exam 40% December 12 8-10 AM
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W. J. Streeter mec 292 – Fall 2008
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W. J. Streeter mec 292 – Fall 2008
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W. J. Streeter mec 292 – Fall 2008 Looking Abroad For a Bigger Boost in Business Weak Economy, Dollar Prompt Firms to Chase Foreign Consumers The Wall Street Journal , September 9, 2008 For three years, David Rosenberg, co- founder and chief executive of a concrete-product maker, had thought about doing business overseas. But the timing just wasn't right. With slowing domestic commercial and residential construction, Hycrete Inc. is putting a bet on growth abroad this year. And it seems to be paying off. With a shaky U.S. economy hurting domestic sales and a weak dollar making U.S.-made goods more attractive to foreign buyers, a rising number of small companies are shelving domestic growth, for now at least, and are seeking bigger opportunities abroad. About 100,000 gallons of Hycrete concrete water-proofing additive are being used in the construction of the Palais Royale in Mumbai, India.
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W. J. Streeter mec 292 – Fall 2008
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W. J. Streeter MEC 292 – FALL 2008
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W. J. Streeter mec 292 – Fall 2008
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W. J. Streeter mec 292 – Fall 2008 Congress Weighs Boosting Funds for Mass Transit The Wall Street Journal , September 9, 2008
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W. J. Streeter mec 292 – Fall 2008 Chapter 4 Quiz 1. Which of the following are reasons why increasing marginal costs of production arise? (1) Different products use inputs to production in different proportions. (2) Different inputs are better utilized in production of different products. (3) Different countries have different endowments of the different factors of production. A. (3) A. (1) & (2)
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W. J. Streeter mec 292 – Fall 2008 2. The United States is relatively capital-abundant because: A. Capital costs more in the US than in the ROW. B. The US has more capital than the ROW
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S-4 Ch 4 Hecksher-Olin - Chapter 4 Trade: Factor...

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