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Mathematics, 15.06.2021 16:30 ethanw7327

II. Exercise 1 In the model of two countries (1, 2) and two products (X, Y): Country 1 has a productivity of 6X and 4Y (hours/person); Water 2 has a yield of 1X and 2Y (hour/person); The exchange rate is 6X = 6Y. a. Compare the added benefits of two countries trading with each other (1 pt) b. Determine the framework of trade exchange between the two countries. (1 pt) Exercise 2 The data is given in the following table: Labor Productivity Country 1 Country Product A (product worked hourly Product B (product per hour ld) country 2 4 Define: a. And patterns of international trade between two countries (0.5 dong) b) Trade between two countries will not occur at any exchange rate? (1,5 d) c If two countries exchange with each other at the ratio 4A = 5B, how much time will be saved? (1 pt) Exercise 3 There are materials given in the following table: 4 Products | Country 1 | Country 2 X (time Id / sp) Yigid Id / sp) 3 Each country has a total resource of 1200 labor hours and 50% per product at closure. a. Determine the scale of production and consumption when the two countries closed their economies. (0,5d) b. Identify commercial establishments, trade models and trading conditions of the two countries. (1.5 dong) c. In what area of ​​trade conditions is country 1 more profitable than country 2? (0,5d) d. Determine the production and consumption benefits of the two countries from full specialization and trade in the amount of 2000, 200Y. (1.5 VND) In ​​QG1, 1 hour of labor is paid 8 pounds, country 2 pays 10 dollars. Determine the prices of X and Y in the two countries and the exchange rate band of the two currencies so that trade between the two countries takes place according to the above model. (1 dong)

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II. Exercise 1 In the model of two countries (1, 2) and two products (X, Y): Country 1 has a product...

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