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- COVID -19 has adversely affected the volume and growth of international trade. Elaborate.Discuss how Covid 19 has affected tourism in Ghana and suggest measures to boost the tourism industryCountry A currently imports solar panels at $30,000 each. The government is using only 10% of the program as domestic content, exporting clean energy to neighboring countries. Country B imports also solar panels at $25,000 each, but uses 70% of the program as domestic content. If both countries produced solar panels home, the costs would have reached $25,000 for country A and $20,000 for country B, but there would have been an initial shakedown period during which solar panels would cost $35,000 for country A to produce and $40,000 for country B to produce. Suppose each country must go through a shakedown period of high costs on its own, before accessing any financial support from abroad. Under what circumstances would the existence of the initial high costs justify infant industry protection?
- Quotas are better than tariffs because they lead to 'quality upgrading' which is good for the domestic consumer. Group of answer choices True FalseNontariff barriers lower prices of both imports and import-competing goods Group of answer choices True FalseAfter the home country sets the tariff (t), producers in the world market who export to the home country, receive _______ per unit sold. Group of answer choices Pw P* P*+t