Discuss the pattern of absolute advantages across the two countries.
2: (10 points) Now consider the following (I increase foreign productivity in manu): MANUFACTURE PRODUCTIVITY (output per worker) AGRICULTURE PRODUCTIVITY (output per worker) LABOUR ENDOWMENT HOME 20 10 100 FOREIGN 25 5 100 a) Show how Foreign’s PPF has changed. b) Identify each country’s opportunity costs in each sector. Interpret. c) Who has the […]
Diamond, “What makes countries rich or poor?”
You will write a Response Paper with a minimum of 500 words, approximately one (1) page single-spaced with 1-inch margins and font size 11. Your Response Paper will a) summarize the arguments of the assigned reading, b) analyze a particular argument, debate, topic or set of topics from the readings, and c) write one (1) […]
