ECON 3383 Case Study 1
Instructions: Review your textbook and answer the following questions:
Answer the following questions and submit your answers in the Case Study drop box under the lessons tab on Canvas. You may prepare your answers ahead of time and attach them as a MS Word document only. Please be thorough in your responses. Each question must be answered in the form of a paragraph (minimum of 5 sentences). You must include your Name, Section Number, and Title. Also, you are required cite your source(s) using MLA formatting.
Question 1: Define and contrast Riccardian Theory to the Heckscher-Ohlin Model. Which Model do you think has a more valid approach? Provide an example of when both approaches should be used.
Question 2: Give an example of each of the following in terms of Real GDP Per Capita, and describe the differences in the resources for each classification: a Less Developed Country (LDC), a Newly Industrialized Country (NIC), and a Developed Country.
Question 3: Discus and analyze whether the skill set of the country’s Labor impacts what the country will be able to produce and explain why you believe this will be the outcome referencing the institutions (Technology) available in the country. You may want to visit the CIA’s World Factbook (Links to an external site.). What do you believe the impact of Free-Trade would have on a LDC? Would this be a long-term gain or loss?
Case Study 2 is due by 11:30pm,
Required Title: International Economics Edition: 4th
Text: Author: McConnell, Brue ISBN: 9781319292362
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more