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In the Melitz (2003) model
gains from trade only increase producer rents (make firms more profitable).True
False
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- In a Mixed Specific Factors model with two sectors, Cars (C) and Wheat (W), Capital (K) is specific to C and Land (A) is specific to W. If the government imposes a tariff on the imports of W then Both owners of K and owners of A will benefit. Owners of A will benefit. Owners of K will benefit. Neither owners of K nor owners of A will benefit. Include diagram*** and explanation attached is graph for referenceIn the Melitz (2003) model all firms that find exporting profitable will also find it profitable to serve the domestic market. True FalseRomilo produces 250 different varieties of potatoes sourced from nearby villages, suggesting he likely lives in: Maine China Ireland Peru, or maybe Chile All of the following are reasons that foreign countries and corporations engage in long-term leases of land or outright land purchases in other countries EXCEPT: These countries and corporations may be concerned about the long-term food security of their home population These countries and corporations have a stated goal of promoting neo-colonialism These countries and corporations may be pursuing a strategy to ensure energy security These countries and corporations may be interested in low prices for labor and land CITES seeks to preserve the existence of endangered species. This existence value is a __________. CITES is effective, but very narrowly focused on __________. public good, fish private good, rhinos…
- In the Pure Specific Factors model with two sectors, Cars (C) and Wheat (W), Capital (K) is specific to C and Land (A) is specific to W. If the government imposes a tariff on the imports of W then Both owners of K and owners of A will benefit. Owners of A will benefit. Owners of K will benefit. Neither owners of K nor owners of A will benefit.The Melitz (2003) model can account for positive selection of firms into export. True Falsewith explanations please, thankyou In a Mixed Specific Factors model with two sectors, Cars (C) and Wheat (W), Capital (K) is specific to C and Land (A) is specific to W. If the government imposes a tariff on the imports of W then A. Both owners of K and owners of A will benefit. B. Owners of A will benefit. C. Owners of K will benefit. D. Neither owners of K nor owners of A will benefit.
- In the Pure Specific Factors model with two sectors, Cars (C) and Wheat (W), Capital (K) is specific to C and Land (A) is specific to W. If the government imposes a tariff on the imports of W then Both owners of K and owners of A will benefit. Owners of A will benefit. Owners of K will benefit. Neither owners of K nor owners of A will benefit. Include diagram*** and explanation attached is graph for referenceShould the Imitation Gap Theory be discarded as a practical explanation of trade pattern? Please cite all sources.You work for a Nova Scotia Company trying to successfully enter the cranberry market in Australia. Create an analysis on the entry country (Australia) based on the following; Are there any trade restrictions? This includes embargoes, quotas, import taxes, tariffs, licensing, and customs duties.Does the entry country require countertrade? Do they receive foreign aid?
- Microeconomics is the study of: The gains from trade since we can only consume what we produce (autarky) FIrm profits driving demand for inputs HH and firms exploiting productivity gains from specialization through trade (exchange) Household welfareHistorical evidence suggests that, when technology matures and industrial production moves to countries with lower costs, products which in the past were exported will start being imported.The theory that foresaw this trade reversal goes under the name of:a. Factor endowment reversalb. Theory of overlapping demandc. Theory of product life cycled. Theory of dynamic comparative advantagee. None of the aboveThe Imitation Gap Theorem should be discarded as a practical explanation of trade pattern. Discuss.