Answered You can buy a ready-made answer or pick a professional tutor to order an original one.
critical thinking
1. Given that you are the product manager of a firm’s export/import division, how would you explain to the controller of finance how the dollar price of an imported good may change even though the foreign production cost of that product remains unchanged.
2. what does international trade do to a nation's domestic production possibilities? Use economics terms, concepts, and methods
3. Given that you are an economist speaking to a convention on international trade, in our speech, what insights about international trade came from Adam Smith and David Ricardo?
4. Distinguish between a balance of payments surplus and a balance of payment deficit in terms of payment of official reserves. Use economics terms, concepts, and methods in your explanation.
- @
- 6 orders completed
- ANSWER
-
Tutor has posted answer for $10.00. See answer's preview
* ***** **** *** *** the ******* ******* ** a ******** ********************* how would you explain to *** ********** ** ******* *** ********* price ** ** ******** good *** ****** **** ****** the ***************** **** of **** ******* ******* ********************* to *** controller of ******* as the product ******* ** a **** ** ****** ** the ****** *** import ******** on *** thedollar ***** ** ** imported good *** ****** **** ****** *** foreignproduction **** ** **** ******* ******* ********* * shall **** ** ********* ** *** factors **** affect *** ****** price ** imported ** ******** goods The ****** ***** ** *********** ******* ** the ***** ** commodity ** the foreign ****** *** *** ******** exchange rate against the ****** ** *** ******* ***** ******* static ** *** ******* country *** ****** ***** ** *** ***** *** ****** ********* on the ******** ******** **** *** instance ** the ****** *********** **** ******* ** firm’s **** ******** ** will take more ******* to ******** the product ********** ** appreciation ** *** ****** **** **** ** **** ****** ** ******** *** same product Usually ********** **** *** ****** and ****** ** *** ******* ******** ** a ****** ** relative ******** rates ******** ******* *** ******** price-levels2 **** does ************* ***** ** ** * ******** ******** ************************ *** ********* ***** ******** and ******************** trade *** various ******** *** negative ****** ** domestic ********** ************* ***** ****** about ************* this *************** ** turn promotes the production ** **** ******** *********** ** ** ** effectively ******* **** ******** products ** ***** find markets ****** ************ ** ***** ***** *** ****** of ******* ******** ** **** low even ***** **** the ******** ********** cost *** ******** ********* find it **** to ******* ** ******* ******** ** **** *** prices ***** ***** ***** ***** *** ******** ***** to the ******* ** domestic ********* ********* **** ********* ******* ** **** ********** *** ******** *********** ***** **** you *** an economist ******** ** * convention *************** ***** in our ****** what ******** about ****************** **** **** Adam Smith *** ***** Ricardo?Adam ***** *** David Ricardo *** renowned scholars *** contributed ** the ******** ****** ** *** convention ******* ******** were ******** **** *** *** scholars **** ********* ********* *** ********* ** ******** ********* ** ***** *** *********** ********* ** ******* ** **** **** Smith ***** ******** to the ********* ** ******** ********* observed that specialism and ***** increased *** productivity of * *********** resourcesand promoteits ****** *** **** ********* for ************* ***** ***** ********* ***** ****** goods ******** ******** *** ****** ***** be ********** low ** ************* ******* **** in *** ******** market Later in ***** ***** ******* coined the principle ** *********** ********* that ********* *** ************** ** ***** where ***** ******* relative **** ********** in ********** ** various *********** and ***** ******* ****** ** *** trading ********* Distinguish ******* * ******* of ******** ******* *** * balance ********* deficit in ***** of payment ** ******** reserves ************ terms ******** and methods in **** ************ ***************** ******* ****** **** *** ******* ******* ******* ************ account ********** **** ******* **** payment ** official reserves **** ** **** to *** ******** ********** ** ** to balance *** accounts * ******* ** payment ******* on *** other **** arises when *** ********* ******* and capital ******* *** ******* ******* This implies **** ******* ** ******** ******** **** ** made ** *** ******* *********** ** ** to ******* *** ***************
