Purchase Solution

International Movement in Factors of Production

Not what you're looking for?

Ask Custom Question

Briefly discuss why factors of production move internationally. Do you think it is wise for factors of production to move? Do you think with the movement of these factors it will increase or decrease exports and imports? Why, or why not?

Purchase this Solution
Solution Summary

This answer addresses the possibility of international movement in factors of production and the outcomes on imports and exports.

Solution Preview

Factors of production are all of the inputs used to produce goods and services [while in the search for economic profit]. These factors are land, labor, capital, and entrepreneurial ability/entrepreneurship.

Imports are products sold in a domestic market from a foreign market. Exports are products being sent for sale from the domestic market into a foreign market. The determining factor on whether imports and exports increase or decrease is dependent on world price. If world price is higher than domestic price, the domestic market will export the good in question. The domestic market will then face the higher world price, but the benefits to the producers outweighs the losses to the consumers ...

Purchase this Solution
Free BrainMass Quizzes
Operations Management

This quiz tests a student's knowledge about Operations Management

Employee Orientation

Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.

Writing Business Plans

This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.

Lean your Process

This quiz will help you understand the basic concepts of Lean.

Business Processes

This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.

View More Free Quizzes
Related BrainMass Solutions

  • Pattern of trade is guided by the factors of production

    Heckscher - Ohlin model: This model is based on the Ricardian theory of International Trade keeping in view that pattern of trade is guided by the properties of factors of production.

  • International Trade

    factors of production.

  • Chocolate and the exploitation of children.

    What are the implications associated with each of these options? 3. How would international trade theorists view the fair trade movement? Should labor practices in another country be a relevant consideration in international trade?

  • international factor movements

    386963 INTERNATIONAL ECONOMICS QUESTION Describe the effects of international factor movements. Describe the effects of international factor movements. International factor movement leads to changes n the income and wealth of countries.

  • success of an economic union

    There was agreement for free movement of goods. This was the economic perspective. Free movement of people that enabled job seekers to apply in other Mercosur countries.

  • International Business Influenced by Labor Force

    Besides that, labor mobility can influence the international business not only in a positive way, but also in negatively. Basically, mobility reflects the movement of human resources from one place to another.

  • Quantitative and Qualitative Factors Affecting US Army Logics

    Qualitative factors · International coordination and interoperability aids in quality procurement. · New technologies advance communications associated with the 21st-century logistics system.

  • international business knowledge

    The national market would be fragmented and internal movement of product would be difficult. E) Cultural/language similarity can help marketing efforts and also management of production facilities.

  • Why companies go international

    These include greater international movement of commodities, money, information, and people; and the development of technology, organizations, legal systems, and infrastructures to allow this movement.

View More Related Solutions