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- Asap plz Do you agree that international trade based on external economies of scale may actuallyleave an economy worse off than it would have been in the absence of international trade?Justify"your answer.How is the Production Possibility Frontier applicable to international trade?What economic impact have pandemics such as COVID-19, had on global trade?
- Consider the following situation: The world price of oranges is $15 per bushel. The domestic supply of oranges is 100 + 2(P) and the domestic demand for oranges is 500 – 5(P). Assume for now that this is a small nation that is not able to affect the world market. Show specific results What if there is a social benefit (not captured in the price) of $5 per bushel to people eating oranges? How does this affect your answer to (a) above?What happens to the price of domestically scarce factors of production when acountry opens up to trade? What happens to the price of domestically abundantfactors of production?Procurment- In global trade, laws may not apply, so it's a good idea to specify what laws will apply to your transaction. True False
- what is the impact of the covid-19 pandemic on global trade? suggest how import and export entrepreneurs need to change the organization and business from the perspective based on the knowledge acquired in this process.What can be the current trade status of the US amongst other countries during COVID-19 pandemic? Economically speaking, would it be more beneficial or would it do more harm than good? Justify your answer.Since the passage of NAFTA, a) trade between the three countries has quadrupled b) the US has lost more than 300,000 auto jobs to Mexico c)all of these d)total pollution has not fallen, it has been "exported" from the US to Mexico
- Why might a country that is more productive inproducing wheat than its trading partners end upimporting wheat?World trade is dominated with exchanges Multiple Choice O O O among nonbordering countries. between geographic regions. between state-owned enterprises. within geographic regions.The world price of oranges is $15 per bushel. The domestic supply of oranges is 100 + 2(P) and the domestic demand for oranges is 500 – 5(P). Assume for now that this is a small nation that is not able to affect the world market. What if there is a social benefit (not captured in the price) of $5 per bushel to people eating oranges?