Essentials of International Economics 3rd Edition

ISBN 13
978-1429278515
ISBN 10
142927851X
Authors
Alan M. Taylor, Robert C. Feenstra
has exam prep Exam Prep  has homework help Homework Help
17 documents found.
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978-1429278515 Chapter 1 Solution Manual
S-1 Solutions Manual to End-of-Chapter Questions The Global Economy 1. Figures 1-2 and 1-6 rely on data from 2010, and Figure 1-5 relies on data from 2005, to map worldwide trade, migration, and FDI. Updated data for migration and FDI were not available at the time this chapter was written, but it
Essentials of International Economics 3rd Edition
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978-1429278515 Chapter 10 Solution Manual
S-95 Introduction to Exchange Rates and the Foreign Exchange Market 1. Refer to the exchange rates given in the following table: Based on the table provided, answer the following questions: a. Compute the U.S. dollaryen exchange rate E$/ and the U.S. dollar Canadian dollar exchange rate E$/C$ on June 25, 2010,
Essentials of International Economics 3rd Edition
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978-1429278515 Chapter 11 Solution Manual
Exchange Rates I: The Monetary Approach in the Long Run 1. Suppose that two countries, Vietnam and Cte dIvoire, produce coffee. The cur- rency unit used in Vietnam is the dong (VND). Cte dIvoire is a member of Com- munaut Financire Africaine (CFA), a currency union of West African countries that use
Essentials of International Economics 3rd Edition
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978-1429278515 Chapter 12 Solution Manual
Exchange Rates II: The Asset Approach in the Short Run 1. Use the money market and FX diagrams to answer the following questions about the relationship between the British pound () and the U.S. dollar ($). The exchange rate is in U.S. dollars per British pound, E$/. We want to
Essentials of International Economics 3rd Edition
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978-1429278515 Chapter 13 Solution Manual
National and International Accounts: Income, Wealth, and the Balance of Payments 1. The following partial table of the OECDs 2004 ranking of member countries based on their GDP per capita. Compute the ratio of GNI to GDP in each case. What does this imply about net factor income from abroad
Essentials of International Economics 3rd Edition
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978-1429278515 Chapter 14 Solution Manual Part 1
S-133 S-133 S-133 Output, Exchange Rates, and Macroeconomic Policies in the Short Run 1. In 2001, President George W. Bush and Federal Reserve Chairman Alan Greenspan were both concerned about a sluggish U.S. economy. They also were concerned about the large U.S. current account deficit. To help stimulate the economy, President Bush proposed
Essentials of International Economics 3rd Edition
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978-1429278515 Chapter 14 Solution Manual Part 2
Solutions n Chapter 14 Output, Exchange Rates, and Macroeconomic Policies S-139 5. For each of the following situations, use the IS-LM-FX model to illustrate the effects of the shock and the policy response. Note: Assume the government responds by using monetary policy to stabilize output, unlike question 3, and assume
Essentials of International Economics 3rd Edition
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978-1429278515 Chapter 15 Solution Manual
Fixed Versus Floating: International Monetary Experience 1. Using the IS-LM-FX model, illustrate how each of the following scenarios affect the home country. Compare the outcomes when the home country has a fixed exchange rate with the outcomes when the home currency floats. Answer: See the following diagrams. In each diagram,
Essentials of International Economics 3rd Edition
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978-1429278515 Chapter 16 Solution Manual
The Euro 1. One could view the United States as a currency union of 50 states. Compare and contrast the Eurozone and the United States in terms of the optimum currency area (OCA) criteria. Answer: Refer to the Application: Optimum Currency Areas: Europe Ver-sus the United States. Based on the
Essentials of International Economics 3rd Edition
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978-1429278515 Chapter 2 Solution Manual
Trade and Technology: The Ricardian Model 1. At the beginning of the chapter there is a brief quotation from David Ricardo; here is a longer version of what Ricardo wrote: England may be so circumstanced, that to produce the cloth may require the labour of 100 men for one year; and
Essentials of International Economics 3rd Edition
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978-1429278515 Chapter 3 Solution Manual
Gains and Losses from Trade in the Specific-Factors Model 1. Why is the specific-factors model referred to as a short-run model? Answer: It is a short-run model because land and capital are specific to a particular sector and only labor is mobile between the sectors. In the long run, all
Essentials of International Economics 3rd Edition
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978-1429278515 Chapter 4 Solution Manual
Trade and Resources: The Heckscher-Ohlin Model 1. This problem uses the Heckscher-Ohlin model to predict the direction of trade. Consider the production of handmade rugs and assembly line robots in Canada and India. a. Which country would you expect to be relatively labor-abundant, and which is capital-abundant? Why? Answer Given
Essentials of International Economics 3rd Edition
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978-1429278515 Chapter 5 Solution Manual
Movement of Labor and Capital Between Countries 1. In the short-run specific-factors model, examine the impact on a small country fol- lowing a natural disaster that decreases its population. Assume that land is specific to agriculture, capital is specific to manufacturing, and labor is free to move between the two sectors.
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978-1429278515 Chapter 6 Solution Manual
Increasing Returns to Scale and Monopolistic Competition 1. Explain how increasing returns to scale in production can be a basis for trade. Answer: With increasing returns to scale, countries benefit from trade because of the potential to reduce their average costs by expanding their outputs through selling in a larger
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978-1429278515 Chapter 7 Solution Manual
Import Tariffs and Quotas Under Perfect Competition 1. The following questions refer to Side Bar: Key Provisions of the GATT. a. If the United States applies a tariff to a particular product (e.g., steel) imported from one country, what is the implication for its steel tariffs applied to all other
Essentials of International Economics 3rd Edition
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978-1429278515 Chapter 8 Solution Manual
Import Tariffs and Quotas Under Imperfect Competition 1. Figure 8-1 shows the Home no-trade equilibrium under perfect competition (with the price PC ), and under monopoly (with the price PM ). In this question, we compare the welfare of Home consumers in these two situations. a. Under perfect competition, with
Essentials of International Economics 3rd Edition
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978-1429278515 Chapter 9 Solution Manual
International Agreements: Trade, Labor, and the Environment 1. a. How is a customs union different from a free-trade area? Provide examples of each. Answer: Members of a customs union impose a uniform tariff on countries out-side the agreement unlike that of a free-trade area, where each country maintains its own
Essentials of International Economics 3rd Edition

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