Exchange and Opportunity Cost. Absolute Advantage. Exchange and Opportunity Cost. Comparative Advantage
|
|
- Erik Bradley
- 6 years ago
- Views:
Transcription
1 Comparative : The asis for Exchange Absolute One person has an absolute advantage over another if he or she takes fewer hours to perform a task than the other person Chapter 2: Comparative : The asis for Exchange Slide 2 Comparative One person has a comparative advantage over another if his or her opportunity cost of performing a task is lower than the other person s opportunity cost Chapter 2: Comparative : The asis for Exchange Slide 3 1
2 Should Paula update her own web page? Paula eth Time to update web page Time to complete bicycle repair 2 minutes 1 minutes 3 minutes 3 minutes Chapter 2: Comparative : The asis for Exchange Slide 4 Should Paula update her own web page? Paula eth Opportunity Cost of updating a web page Opportunity Cost of a bicycle repair 2 bicycle repairs.5 web page updates 1 bicycle repair 1 web page update Chapter 2: Comparative : The asis for Exchange Slide 5 Should Paula update her own web page? How many web pages and bicycle repairs can Paula and eth produce a day if they both work eight-hour days? Chapter 2: Comparative : The asis for Exchange Slide 6 2
3 If they split their time evenly and produce 16 web pages Paula eth Total Web Pages Total 16 icycle Repairs Chapter 2: Comparative : The asis for Exchange Slide 7 If they specialized in their comparative advantage Web Pages Paula eth 16 Total 16 icycle Repairs Chapter 2: Comparative : The asis for Exchange Slide Everyone does best when each person (or each country) concentrates on the activities for which his or her opportunity cost is lowest Chapter 2: Comparative : The asis for Exchange Slide 9 3
4 Sources of Comparative Individual Inborn talent Education Training Experience Chapter 2: Comparative : The asis for Exchange Slide 1 Sources of Comparative National Level Natural resources Cultural institutions Chapter 2: Comparative : The asis for Exchange Slide 11 The Curve A graph that describes the maximum amount of one good that can be produced for every possible level of production of another good. Chapter 2: Comparative : The asis for Exchange Slide 4
5 The Curve Assume A small economy that o Produces only two goods - coffee and nuts o Has only one worker who works 6 hrs/day Chapter 2: Comparative : The asis for Exchange Slide 13 Susan s 24 A Opportunity Cost (OC) 1. OC nuts = Loss in coffee/gain in nuts 2. OC coffee = Loss in nuts/gain in coffee 16 C Curve: All combinations of coffee and nuts that can be produced with Susan s labor 4 D Chapter 2: Comparative : The asis for Exchange Slide 14 Susan s 24 A 16 The scarcity principle: Having more of one good generally means having less of another good. C 4 D Chapter 2: Comparative : The asis for Exchange Slide 15 5
6 Attainable and Efficient Points on Susan s 24 A 16 Combination F: Unattainable Combination E: Inefficient C 4 D Combinations A,, C, and D: Efficient Chapter 2: Comparative : The asis for Exchange Slide 16 The Curve Attainable Point Any combination of goods that can be produced using currently available resources Unattainable Point Any combination that cannot be produced using currently available resources Chapter 2: Comparative : The asis for Exchange Slide 17 The Curve Efficient Point Any combination of goods for which currently available resources do not allow an increase in the production of one good without a reduction in the production of the other Chapter 2: Comparative : The asis for Exchange Slide 1 6
7 The Curve Inefficient Point Any combination of goods for which currently available resources enable an increase in the production of one good without a reduction in the production of the other Chapter 2: Comparative : The asis for Exchange Slide 19 Tom s Tom s Curve for a 6 hour day A Tom s Curve: All combinations of coffee and nuts that can be produced with Tom s labor 4 C D How Individual Productivity Affects the Slope and Position of the Curve Chapter 2: Comparative : The asis for Exchange Slide 2 Individual Production s Compared Susan has an absolute and comparative advantage in picking coffee 24 Susan s Production Tom has an absolute and comparative advantage in picking nuts Tom s Production 24 Chapter 2: Comparative : The asis for Exchange Slide 21 7
8 Production Without Specialization Tom s Output = 2 hrs picking nuts = lbs 4 hrs picking coffee = lbs 24 Susan s Production Susan s Output = 2 hrs picking coffee = lbs 4 hrs picking nuts = lbs Tom s Production Total Output = 16 lbs each 24 Assume: Susan and Tom allocate their time so each person s output is half nuts and half coffee Chapter 2: Comparative : The asis for Exchange Slide 22 Production With Specialization Tom s comparative advantage is in nuts so he specializes in nuts and produces 24 lbs 24 Susan s Production E Susan gives Tom lbs of coffee for lbs of nuts Susan s comparative advantage is in coffee so she specializes in coffee and produces 24 lbs Tom s Production 24 Chapter 2: Comparative : The asis for Exchange Slide 23 Comparative and The gains from specialization grow larger as the difference in opportunity cost increases For Example Susan: 5 lb coffee/hr 1lb nuts/hr Tom: 1 lb nuts/hr 5 lb coffee/hr Chapter 2: Comparative : The asis for Exchange Slide 24
9 Comparative and The gains from specialization grow larger as the difference in opportunity cost increases Without Specialization Tom: 5 hrs coffee = 5 lb 1 hr nuts = 5 lb Susan: 1 hr coffee = 5 lb 5 hrs nuts = 5 lb Total: 1 lb 1 lb Chapter 2: Comparative : The asis for Exchange Slide 25 Comparative and The gains from specialization grow larger as the difference in opportunity cost increases With Specialization Tom: 3 lb coffee lb nuts Susan: lb coffee 3 lb nuts Total: 3 lb 3 lb Chapter 2: Comparative : The asis for Exchange Slide 26 Curve For a Large Economy (1s of lb/day) Assume: An economy that produces only two goods, coffee and nuts A C Why would the Production have an outward bow? 2 15 D E (1s of lb/day) Chapter 2: Comparative : The asis for Exchange Slide 27 9
10 The Principle of Increasing Opportunity Cost ( The Low-Hanging-Fruit Principle ) In expanding the production of any good, first employ those resources with the lowest opportunity costs, and only afterward turn to resources with higher opportunity costs Chapter 2: Comparative : The asis for Exchange Slide 2 Economic Growth: An Outward Shift in the Economy s PPC (1s of lb/day) Factors Shifting the PPC 1. Increases in productive resources (i.e., labor or capital) New PPC 2. Improvements in knowledge and technology Original PPC (1s of lb/day) Chapter 2: Comparative : The asis for Exchange Slide 29 Factors That Shift The Economy s Curve Increasing Productive Resources Investment in new factories and equipment Population growth Improvements in Knowledge and Technology Increasing education Gains from specialization Chapter 2: Comparative : The asis for Exchange Slide 3 1
11 Factors That Shift The Economy s Curve Why have countries Like Nepal been So slow to specialize? Low population density Isolation Some factors that may limit specialization in other countries Laws Customs Chapter 2: Comparative : The asis for Exchange Slide 31 International Trade Economic Naturalist If trade between nations is so beneficial, why are free-trade agreements so controversial? Chapter 2: Comparative : The asis for Exchange Slide 32 End of Chapter 11
Comparative Advantage. Chapter 2. Learning Objectives
Comparative Advantage Chapter 2 McGraw-Hill/Irwin Copyright 2013 by The McGraw-Hill Companies, Inc. All rights reserved. Learning Objectives 1. Explain and apply the Principle of Comparative Advantage
More informationCoffee (lb/day) PPC 1 PPC 2. Nuts (lb/day) COMPARATIVE ADVANTAGE. Answers to Review Questions
CHAPTER 2 COMPARATIVE ADVANTAGE Answers to Review Questions 1. An individual has a comparative advantage in the production of a particular good if she can produce it at a lower opportunity cost than other
More informationChapter 3. Labor Productivity and Comparative Advantage: The Ricardian Model. Pearson Education Limited All rights reserved.
Chapter 3 Labor Productivity and Comparative Advantage: The Ricardian Model 1-1 Preview Opportunity costs and comparative advantage A one-factor Ricardian model Production possibilities Gains from trade
More informationChapter 3. Labor Productivity and Comparative Advantage: The Ricardian Model
Chapter 3 Labor Productivity and Comparative Advantage: The Ricardian Model Preview Opportunity costs and comparative advantage A one-factor Ricardian model Production possibilities Gains from trade Wages
More informationPreview. Chapter 3. Labor Productivity and Comparative Advantage: The Ricardian Model
Chapter 3 Labor Productivity and Comparative Advantage: The Ricardian Model Preview Opportunity costs and comparative advantage A one-factor Ricardian model Production possibilities Gains from trade Wages
More informationRecent U.S. Trade Patterns (2000-9) PP542. World Trade 1929 versus U.S. Top Trading Partners (Nov 2009) Why Do Countries Trade?
PP542 Trade Recent U.S. Trade Patterns (2000-9) K. Dominguez, Winter 2010 1 K. Dominguez, Winter 2010 2 U.S. Top Trading Partners (Nov 2009) World Trade 1929 versus 2009 4 K. Dominguez, Winter 2010 3 K.
More informationPreview. Introduction (cont.) Introduction. Comparative Advantage and Opportunity Cost (cont.) Comparative Advantage and Opportunity Cost
Chapter 3 Labor Productivity and Comparative Advantage: The Ricardian Model Preview Opportunity costs and comparative advantage A one-factor Ricardian model Production possibilities Gains from trade Wages
More informationPreview. Introduction. Chapter 3. Labor Productivity and Comparative Advantage: The Ricardian Model
Chapter 3 Labor Productivity and Comparative Advantage: The Ricardian Model. Preview Opportunity costs and comparative advantage A one-factor Ricardian model Production possibilities Gains from trade Wages
More informationInternational Trade CHAPTER 3: THE CLASSICAL WORL OF DAVID RICARDO AND COMPARATIVE ADVANTAGE
International Trade CHAPTER 3: THE CLASSICAL WORL OF DAVID RICARDO AND COMPARATIVE ADVANTAGE INTRODUCTION The Classical economist David Ricardo introduced the comparative advantage in The Principles of
More informationPreview. Introduction. Chapter 3. Labor Productivity and Comparative Advantage: The Ricardian Model
Chapter 3 Labor Productivity and Comparative Advantage: The Ricardian Model 1-1 Preview Opportunity costs and comparative advantage A one-factor Ricardian model Production possibilities Gains from trade
More informationChapter 3. Labor Productivity and Comparative Advantage: The Ricardian Model
hapter 3 Labor Productivity and omparative Advantage: The Ricardian Model Preview Opportunity costs and comparative advantage Production possibilities Relative supply, relative demand & relative prices
More informationChapter 3 Labor Productivity and Comparative Advantage: The Ricardian Model
Chapter 3 Labor Productivity and Comparative Advantage: The Ricardian Model Introduction Theories of why trade occurs: Differences across countries in labor, labor skills, physical capital, natural resources,
More information1/17/manufacturing-jobs-used-to-pay-really-well-notanymore-e/
http://www.washingtonpost.com/blogs/wonkblog/wp/2013/0 1/17/manufacturing-jobs-used-to-pay-really-well-notanymore-e/ Krugman s Trade Policy History Course: https://webspace.princeton.edu/users/pkrugman/wws%205
More informationChapter 3: Labor Productivity and Comparative Advantage: The Ricardian Model
Chapter 3: Labor Productivity and Comparative Advantage: The Ricardian Model Krugman, P.R., Obstfeld, M.: International Economics: Theory and Policy, 8th Edition, Pearson Addison-Wesley, 27-53 1 Preview
More informationPreview. Introduction. Chapter 3. Labor Productivity and Comparative Advantage: The Ricardian Model
Chapter 3 Labor Productivity and Comparative Advantage: The Ricardian Model Copyright 2012 Pearson Addison-Wesley. All rights reserved. Preview Opportunity costs and comparative advantage A one-factor
More informationTOPIC 12. Motivation for Trade. Tuesday, March 27, 12
TOPIC 12 Motivation for Trade BIG PICTURE How significant is world trade to the global economy? Why does trade occur and what are the theoretical benefits of trade? How can we motivate prices in international
More informationEconomics Interdependence. Interdependence. Production Possibilities in the U.S. Our Example. Premium PowerPoint Slides by Ron Cronovich
17.8.29 C H A P T E R Interdependence and the Gains from Trade E 3 PRINCIPLES OF Economics I P N. Gregory Mankiw Premium PowerPoint Slides by Ron Cronovich 29 South-Western, a part of Cengage Learning,
More informationInterdependence and the Gains from Trade. Premium PowerPoint Slides by Ron Cronovich
C H A P T E R 3 Interdependence and the Gains from Trade Economics P R I N C I P L E S O F N. Gregory Mankiw Premium PowerPoint Slides by Ron Cronovich 2009 South-Western, a part of Cengage Learning, all
More informationActivity 26.1 Who Should Do What?
Comparative Advantage Lesson 26 Activity 26.1 Who Should Do What? Nino owns a pizza shop. He is very good at what he does. In one hour, he can make 9 pizzas or prepare 36 salads. His business is growing
More informationReading Essentials and Study Guide
Lesson 1 Absolute and Comparative Advantage ESSENTIAL QUESTION How does trade benefit all participating parties? Reading HELPDESK Academic Vocabulary volume amount; quantity enables made possible Content
More informationInterdependence and the Gains from Trade
9/13/217 N. GREGORY MANKIW PRINCIPLES OF ECONOMICS Eight Edition CHAPTER 3 Interdependence and the Gains from Trade Look for the answers to these questions: Why do people and nations choose to be economically
More informationEconomics. Interdependence and the Gains from Trade CHAPTER. N. Gregory Mankiw. Principles of. Seventh Edition. Wojciech Gerson ( )
Wojciech Gerson (1831-1901) Seventh Edition Principles of Economics N. Gregory Mankiw CHAPTER 3 Interdependence and the Gains from Trade In this chapter, look for the answers to these questions Why do
More informationInterdependence and the Gains from Trade
Wojciech Gerson (181-191) Seventh Edition Principles of Macroeconomics N. Gregory Mankiw CHAPTER Interdependence and the Gains from Trade Interdependence One of the Ten Principles from Chapter 1: Trade
More informationMidterm Economics 181 International Trade Fall 2005
Midterm Economics 181 International Trade Fall 2005 Please answer all parts. Please show your work as much as possible. Part I (20 points). Short Answer. Please give a full answer. If you need to indicate
More informationChapter 1: The Ricardo Model
Chapter 1: The Ricardo Model The main question of the Ricardo model is why should countries trade? There are some countries that are better in producing a lot of goods compared to other countries. Imagine
More informationAssignment # 1: Answer key
INTERNATIONAL TRADE Autumn 2004 NAME: Section: Assignment # 1: Answer key Problem 1 The following Ricardian table shows the number of days of labor input needed to make one unit of output of each of the
More informationEconomics 452 International Trade Theory and Policy Fall 2012
Name FIRST EXAM Economics 452 International Trade Theory and Policy Fall 2012 WORLD TRADE 1. The United States trades (exports plus imports) the third most with a. China b. Canada c. France d. Mexico e.
More informationEconomics. Interdependence and the Gains from Trade. Interdependence. Interdependence. Our Example. Production Possibilities in the U.S.
Seventh Edition Principles of Economics N. Gregory Mankiw CHAPTER 3 Interdependence and the Gains from Trade Wojciech Gerson (1831 191) In this chapter, look for the answers to these questions Why do people
More informationLecture 3: How Trade Creates Wealth. Benjamin Graham
Lecture 3: How Trade Creates Wealth Today s Plan Housekeeping Reading quiz How trade creates wealth Comparative vs. Absolute Advantage Housekeeping Does everyone have their books and clickers? All clickers
More informationAnswer Key 1 Comparative Advantage
Answer Key 1 Comparative Advantage Econ 101 Professor Guse Al and Carl both like to consume wine and bread and both are capable of producing wine and bread. Carl can make up to 60 loaves of bread per month.
More informationChapter 2 Prices, Costs, and the Gains from Trade
Chapter 2 Prices, Costs, and the Gains from Trade TRUE/FALSE 1. The term price as used in microeconomics refers to the absolute price of a commodity. 2. The relative price of bread in terms of wine is
More informationDemand, Supply and Market Equilibrium. Lecture 4 Shahid Iqbal
Demand, Supply and Market Equilibrium Lecture 4 Shahid Iqbal Markets & Economics A market is a group of buyers and sellers of a particular good or service. The terms supply and demand refer to the behavior
More informationLevel 2 Business Studies, 2017
90844 908440 2SUPERVISOR S Level 2 Business Studies, 2017 90844 Demonstrate understanding of how a large business responds to external factors 2.00 p.m. Monday 13 November 2017 Credits: Four Achievement
More informationFIRST MIDTERM EXAM. Economics 452 International Trade Theory and Policy Spring 2011
Name FIRST MIDTERM EXAM Economics 452 International Trade Theory and Policy Spring 2011 WORLD TRADE 1. What is true for the United States with most of its largest trading partners? a. Trade balance is
More informationMankiw Macro Chapter III: Interdependence and the Gains from Trade
Mankiw Macro Chapter III: Interdependence and the Gains from Trade Introduction (pg 49) Anybody grow their breakfast? Make the pot it was cooked in? or stove? Did your parents? No, we all specialize in
More informationCHAPTER I BACKGROUND
CHAPTER I BACKGROUND 1.1. Problem Definition Indonesia is one of the developing countries that already officially open its economy market into global. This could be seen as a challenge for Indonesian local
More informationSustainable Coffee Economy
Seeking a Balance Sustainable Coffee Economy Brazilian initiatives and experience Environmental Sustainability Respecting the limits of capacity Economic Sustainability support of ecosystems Rational and
More informationVineyard Cash Flows Tremain Hatch
Vineyard Cash Flows Tremain Hatch thatch@vt.edu New grape growers Contemplating retirement or other transitions and considering viticulture and winemaking Alternative crop to existing farm operation Questions
More informationBritain the workshop of the world and france buying the goods. Brianna vanschoyck, Francesca down, daisy vazquez
Britain the workshop of the world and france buying the goods Brianna vanschoyck, Francesca down, daisy vazquez the question compare the economic, political, and social conditions in great britain and
More informationAgricultural Exports, Economic Prospects and Jobs
Agricultural Exports, Economic Prospects and Jobs West Hills Community College District Essential Elements Harris Ranch Inn and Conference Center November 6, 2014 Daniel A. Sumner University of California
More informationECO231 Chapter 2 Homework. Name: Date:
ECO231 Chapter 2 Homework Name: Date: 1. Specialization and trade can the per-unit cost of production because. A) decrease; it allows for more small-scale production. B) decrease; it creates economies
More informationIs Fair Trade Fair? ARKANSAS C3 TEACHERS HUB. 9-12th Grade Economics Inquiry. Supporting Questions
9-12th Grade Economics Inquiry Is Fair Trade Fair? Public Domain Image Supporting Questions 1. What is fair trade? 2. If fair trade is so unique, what is free trade? 3. What are the costs and benefits
More informationWhether to Manufacture
Whether to Manufacture Butter and Powder or Cheese A Western Regional Research Publication Glen T. Nelson Station Bulletin 546 November 1954 S S De&dim9 S Whether to Manufacture Butterand Powder... or
More informationEconomic History of the US
Economic History of the US The Colonial Era, 1607-1776 Lecture #3 Peter Allen Econ120 1 Formative Years of Colonial Economies Agriculture, dominant activity Land, resources plentiful Labor, capital scarce
More information28 TRADE WITHOUT MONEY
28 TRADE WITHOUT MONEY OVERVIEW 1. Absolute advantage means the ability of a country to produce a larger quantity of a good with the same amount of resources as another country. 2. If each country has
More informationEconomics 101 Spring 2016 Answers to Homework #1 Due Tuesday, February 9, 2016
Economics 101 Spring 2016 Answers to Homework #1 Due Tuesday, February 9, 2016 Directions: The homework will be collected in a box before the large lecture. Please place your name, TA name and section
More informationPower and Priorities: Gender, Caste, and Household Bargaining in India
Power and Priorities: Gender, Caste, and Household Bargaining in India Nancy Luke Associate Professor Department of Sociology and Population Studies and Training Center Brown University Nancy_Luke@brown.edu
More informationEconomics 452 International Trade Theory and Policy Spring 2014
pink FIRST EXAM Economics 452 International Trade Theory and Policy Spring 2014 ORLD TRADE 1. The volume of trade between the United States and anada in 2009 was substantially below the level in 2008.
More informationFIRST MIDTERM EXAM. Economics 452 International Trade Theory and Policy Spring 2010
Name FIRST MIDTERM EXAM Economics 452 International Trade Theory and Policy Spring 2010 WORLD TRADE 1. Which of the following is NOT one of the five largest trading partners of the United States? a. China
More informationHONDURAS. A Quick Scan on Improving the Economic Viability of Coffee Farming A QUICK SCAN ON IMPROVING THE ECONOMIC VIABILITY OF COFFEE FARMING
HONDURAS A Quick Scan on Improving the Economic Viability of Coffee Farming 1 OBJECTIVES OF STUDY Overall objective Identify opportunities for potential benefits to coffee farmers from improved farm profitability
More informationFIRST MIDTERM EXAM. Economics 452 International Trade Theory and Policy Fall 2010
Name FIRST MIDTERM EXAM Economics 452 International Trade Theory and Policy Fall 2010 WORLD TRADE 1. Which of the following is NOT one of the three largest trading partners of the United States? a. China
More informationThe structure and its change of soybean food industry in Japan
Economics 535 First Market Report The structure and its change of soybean food industry in Japan Keita Fukunaga 1. Market Overview Japan has been the biggest customer market for the US for more than 50
More informationPerspective of the Labor Market for security guards in Israel in time of terror attacks
Perspective of the Labor Market for security guards in Israel in time of terror attacks 2000-2004 By Alona Shemesh Central Bureau of Statistics, Israel March 2013, Brussels Number of terror attacks Number
More informationTHE APPLICATION OF NATIONAL SINGLE WINDOW SYSTEM (KENYA TRADENET) IN PROCESSING OF CERTIFICATES OF ORIGIN. A case study of AFA-Coffee Directorate
THE APPLICATION OF NATIONAL SINGLE WINDOW SYSTEM (KENYA TRADENET) IN PROCESSING OF CERTIFICATES OF ORIGIN A case study of AFA-Coffee Directorate Presentation By: PAUL OKEWA VENUE: KICC, NAIROBI-KENYA DATE
More informationEconomics 452 International Trade Theory and Policy Fall 2013
Name FIRST EXAM Economics 452 International Trade Theory and Policy Fall 2013 WORLD TRADE 1. Approximately what percent of all world production of goods and services is exported to other countries? a.
More informationWestern Uganda s Arabica Opportunity. Kampala 20 th March, 2018
Western Uganda s Arabica Opportunity Kampala 20 th March, 2018 The western region has three main islands of Arabica production we focus on the Rwenzori region served by Kasese 3 Primary focus is the Rwenzori
More informationAWRI Refrigeration Demand Calculator
AWRI Refrigeration Demand Calculator Resources and expertise are readily available to wine producers to manage efficient refrigeration supply and plant capacity. However, efficient management of winery
More informationSince the cross price elasticity is positive, the two goods are substitutes.
Exam 1 AGEC 210 The Economics of Agricultural Business Spring 2013 Instructor: Eric Belasco Name Belasco KEY 1. (15 points, 5 points each) The following questions refer to different elasticity measures
More informationCalifornia Wine Community Sustainability Report Chapter 12 SOLID WASTE REDUCTION AND MANAGEMENT
California Wine Community Sustainability Report 2004 Chapter 12 SOLID WASTE REDUCTION AND MANAGEMENT Background In 1989, the State of California passed AB939, mandating communities to reduce their waste
More informationLabor Productivity and Comparative Advantage: The Ricardian Model
Study Abroad (UAB) International Economics Labor Productivity and Comparative Advantage: The Ricardian Model Professor: Alicia Gómez Tello Contents Introduction The Concept of Comparative Advantage A One-Factor
More informationA CELLAR FULL OF COLLATERAL: BORDEAUX v NAPA IN THE SEARCH FOR OENOLOGICAL GOLD
A CELLAR FULL OF COLLATERAL: BORDEAUX v NAPA IN THE SEARCH FOR OENOLOGICAL GOLD Tom McCluskey, Dublin City University Stéphane Ouvrard, Kedge Business School, Ian Taplin, Wake Forest University. Introduction
More informationMcDONALD'S AS A MEMBER OF THE COMMUNITY
McDONALD'S ECONOMIC IMPACT WITH REBUILDING AND REIMAGING ITS RESTAURANTS IN SOUTH LOS ANGELES, CALIFORNIA A Report to McDonald's Corporation Study conducted by Dennis H. Tootelian, Ph.D. November 2010
More informationECONOMIC IMPACTS OF THE FLORIDA CITRUS INDUSTRY IN
ECONOMIC IMPACTS OF THE FLORIDA CITRUS INDUSTRY IN 2007- Mohammad Rahmani and Alan W. Hodges Food and Resource Economics Department Institute of Food and Agricultural Sciences FLORIDA CITRUS INDUSTRY HIGHLIGHTS
More informationTHE SUSTAINABILITY OF HARVESTING STRATEGIES
THE SUSTAINABILITY OF HARVESTING STRATEGIES 01022072 Carlos H. J. Brando P&A International Marketing World Coffee Conference - Guatemala 27 February 2010 OBJECTIVES OF HARVESTING - Collect all ripe cherries
More informationQUESTIONS FOR REFLECTION: VISUAL 4.1 WHY DID THE COLONISTS PROSPER BETWEEN 1585 AND 1763?
VISUAL 4.1 WHY DID THE COLONISTS PROSPER BETWEEN 1585 AND 1763? Gold and silver had not been discovered in colonial America during this period, and there were no spices to trade. England held sway as a
More informationPadthaway Grape Growers Association
Padthaway Grape Growers Association Work together supporting our community & wine industry by adding value to its reputation for reliable, distinctive, sustainable, & high quality Padthaway wine & grapes
More informationPasta Market in Italy to Market Size, Development, and Forecasts
Pasta Market in Italy to 2019 - Market Size, Development, and Forecasts Published: 6/2015 Global Research & Data Services Table of Contents List of Tables Table 1 Demand for pasta in Italy, 2008-2014 (US
More information3. If bundles of goods A and B lie on the same indifference curve, one can assume the individual b. prefers bundle B to bundle A.
1. Indifference curves a. are nonintersecting. b. are contour lines of a utility function. c. are negatively sloped. d. All of the above. 2. For an individual who consumes only two goods, X and Y, the
More informationTest Bank for Intermediate Microeconomics and Its Application with CourseMate 2 Semester Printed Access Card 12th edition by Nicholson and Snyder
Test Bank for Intermediate Microeconomics and Its Application with CourseMate 2 Semester Printed Access Card 12th edition by Nicholson and Snyder Link download Test Bank for Intermediate Microeconomics
More informationUncovering the full potential of the agricultural sector in Moldova: exports and opportunities for investment and state aid
Uncovering the full potential of the agricultural sector in Moldova: exports and opportunities for investment and state aid Nepotu Ivan Moldovan Investment and Export Promotion Organization Why is Moldova
More informationETHIOPIA. A Quick Scan on Improving the Economic Viability of Coffee Farming A QUICK SCAN ON IMPROVING THE ECONOMIC VIABILITY OF COFFEE FARMING
ETHIOPIA A Quick Scan on Improving the Economic Viability of Coffee Farming 1 OBJECTIVES OF STUDY Overall objective Identify opportunities for potential benefits to coffee farmers from improved farm profitability
More informationThe Vietnam urban food consumption and expenditure study
The Centre for Global Food and Resources The Vietnam urban food consumption and expenditure study Factsheet 4: Where do consumers shop? Wet markets still dominate! The food retail landscape in urban Vietnam
More informationThe aim of the thesis is to determine the economic efficiency of production factors utilization in S.C. AGROINDUSTRIALA BUCIUM S.A.
The aim of the thesis is to determine the economic efficiency of production factors utilization in S.C. AGROINDUSTRIALA BUCIUM S.A. The research objectives are: to study the history and importance of grape
More informationTHIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: GAIN Report
More informationState Street Coffee (cont.)
COMFORT FOODS, INC. State Street Coffee Parent company of Comfort Foods Exports over 3.5 million lbs of coffee annually! Leader in the industry of sustainability practices Largest coffee grower in Nicaragua
More informationPRELIMINARY FINDINGS AND INTRODUCTION TO THE CASE STUDY OF ETHIOPIA
PRELIMINARY FINDINGS AND INTRODUCTION TO THE CASE STUDY OF ETHIOPIA Stakeholder Outreach Workshop Addis Ababa, Ethiopia Tuesday March 7, 2017 and executed by DEVELOPMENT Solutions. Any views expressed
More informationEconomic History of the US
Economic History of the US The Colonial Era, 1607-1776 Lecture #2 Peter Allen Econ 120 The Colonial Era, 1607-1776 Founding Economic Structure/Activities Trade Sources of Econ. Development Economic sources
More informationHow we re making a difference revitalizing the Malawian tea industry for workers to earn living wages. How we re making a difference - Malawi
How we re making a difference revitalizing the Malawian tea industry for workers to earn living wages How we re making a difference - Malawi 1 The Malawi Tea 2020 program, launched in September 2015, aims
More informationCulinary Arts - Learner Objectives BOE approved
Culinary Arts - Learner Objectives BOE approved 6-15-2017 Identify characteristics of major foodborne pathogens, their role in causing illness, foods involved in outbreaks, and methods of prevention. principles
More informationThe Southern Colonies. Chapter 3, Section 4
The Southern Colonies Chapter 3, Section 4 Factors that influenced the development of the Southern Colonies Maryland, Virginia, North Carolina, South Carolina, and Georgia were Southern Colonies. Factors
More informationM03/330/S(2) ECONOMICS STANDARD LEVEL PAPER 2. Wednesday 7 May 2003 (morning) 2 hours INSTRUCTIONS TO CANDIDATES
c PROGRAMA IB DIPLOMA PROGRAMME PROGRAMME DU DIPLÔME DU BI DEL DIPLOMA DEL BI M03/330/S(2) ECONOMICS STANDARD LEVEL PAPER 2 Wednesday 7 May 2003 (morning) 2 hours INSTRUCTIONS TO CANDIDATES! Do not open
More informationThe impact of difficulties in EU-Russia trade relations on the Finnish foodstuffs sector
The impact of difficulties in EU-Russia trade relations on the Finnish foodstuffs sector Jyrki Niemi Natural Resources Institute Finland www.luke.fi Perttu Pyykkönen Pellervo Economic Research www.ptt.fi
More informationEconomics 101 Spring 2019 Answers to Homework #1 Due Thursday, February 7 th, Directions:
Economics 101 Spring 2019 Answers to Homework #1 Due Thursday, February 7 th, 2019 Directions: The homework will be collected in a box labeled with your TA s name before the lecture. Please place your
More informationYour headline here in Calibri.
Pruning and Training Principles for Balanced Vines Your headline here in Calibri. Larry Bettiga Viticulture Advisor Monterey, Santa Cruz and San Benito Counties Simple text is best. Don t read from your
More informationFINA Pre-Budget 2018 Consultation Submission. A Solution to Advance the Canadian Value-Added Wine Sector
FINA Pre-Budget 2018 Consultation Submission EXECUTIVE SUMMARY A Solution to Advance the Canadian Value-Added Wine Sector Canada is ranked as the second most attractive market in the world for wine sales,
More informationHarvesting Soybean. Soybean Loss. John Nowatzki Extension Agricultural Machine Systems Specialist
Harvesting Soybean John Nowatzki Extension Agricultural Machine Systems Specialist Field studies in soybean harvesting have shown that a 10 percent or higher harvest loss is not uncommon, but studies also
More informationLabor Supply of Married Couples in the Formal and Informal Sectors in Thailand
Southeast Asian Journal of Economics 2(2), December 2014: 77-102 Labor Supply of Married Couples in the Formal and Informal Sectors in Thailand Chairat Aemkulwat 1 Faculty of Economics, Chulalongkorn University
More information"Primary agricultural commodity trade and labour market outcome
"Primary agricultural commodity trade and labour market outcomes" FERDI - Fondation pour les Etudes et Recherches sur le Developpement International African Economic Conference 2014 - Knowledge and innovation
More informationSMALLHOLDER TEA FARMING AND VALUE CHAIN DEVELOPMENT IN CHINA
SMALLHOLDER TEA FARMING AND VALUE CHAIN DEVELOPMENT IN CHINA Intersessional Meeting of the Intergovernmental Group on Tea Rome, 5-6 May 2014 Cheng Fang, Economist, Trade and Markets Division, FAO Yanjiong
More informationTestimonials. ver.1.0. A list of companies that are currently using Flash Freezing technology in their business.
Testimonials ver.1.0 A list of companies that are currently using Flash Freezing technology in their business. Table of contents Case 01 Case 02 Case 03 Case 04 Case 05 Case 06 Case 07 Jazz Bar & café
More informationVegetables Compare Prices- Expanded Nutrition & Family Programs Michigan State University Cooperative Extension Service January pages
MSU Extension Publication Archive Archive copy of publication, do not use for current recommendations. Up-to-date information about many topics can be obtained from your local Extension office. Vegetables
More informationCalculating the Costs of Bur Management
Calculating the Costs of Bur Management Introduction: Chestnut harvesting continues to be a challenging exercise for chestnut growers. Carl, my brother, and I agreed some years ago to concentrate on bur
More informationbenefits of electronic menu boards: for your business and your customers
benefits of electronic menu boards: for your business and your customers 1 What are Electronic Menu Boards and How Are They Used? When a customer visits a restaurant, what s the first thing that they do?
More informationCreating a Farm-to-Institution Food Program
Creating a Farm-to-Institution Food Program Lenox Hill Neighborhood House Lenox Hill Neighborhood House is a 121-year-old settlement house widely recognized as one of New York s premier human services
More informationInnovations for a better world. Ingredient Handling For bakeries and other food processing facilities
Innovations for a better world. Ingredient Handling For bakeries and other food processing facilities Ingredient Handling For bakeries and other food processing facilities From grain to bread Ingredient
More informationFairtrade Designation Endorsement
Fairtrade Designation Endorsement Recommendation: That the May 8, 2013, Corporate Services report 2013COC042, be received for information. Report Summary This report provides information about Fairtrade
More informationPeaches & Nectarines and Cherry Annual Reports
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: GAIN Report
More informationPaper Reference IT Principal Learning Information Technology. Level 3 Unit 2: Understanding Organisations
Centre No. Candidate No. Surname Signature Paper Reference(s) IT302/01 Edexcel Principal Learning Information Technology Level 3 Unit 2: Understanding Organisations Wednesday 3 June 2009 Morning Time:
More informationHERZLIA MIDDLE SCHOOL
NAME TEACHER S COMMENT TEACHER CLASS PARENT S COMMENT MARK PERCENTAGE PARENT S SIGNATURE HERZLIA MIDDLE SCHOOL GRADE 7 ECONOMIC & MANAGEMENT SCIENCES 27 AUGUST 2015 TIME: 50 minutes MARKS: 70 o This paper
More informationFood Allergy Community Needs Assessment INDIANAPOLIS, IN
Food Allergy Community Needs Assessment INDIANAPOLIS, IN Conducted by: Food Allergy Research & Education (FARE) Food Allergy Research& Education FARE s mission is to improve the LIFE and HEALTH of all
More information