Inter-industry trade is based on comparative advantage while Intra-industry trade in differentiated products arises from realizing economies of scale.  Which type of trade is easier in resources, especially in labour, adjustment and why?

Q: The volume of international trade: Has increased dramatically in the last few decades. Has…

A: International trade: It refers to the interchange of goods and services between two or more…

Q: What is the difference between the unilateral andmultilateral approaches to achieving free…

A: Trade: The term trade refers to the sale and purchase of goods and services. If this sale and…

Q: Which of the following is NOT true about intra-industry trading?   Group of answer choices   In…

A: Comparative Advantage: The comparative advantage arises when a company or a nation is able to…

Q: Q31 Economies of scale and product differentiation can provide an explanation for... a. Absolute…

A: Intra industry trade: - Intra industry trade is the type of international trade in which a country…

Q: Real world examples of comparative advantage in the Philippines

A: Philippine government policies have historically been anti-agricultural. However, in the 1970s,…

Q: The arguments againstglobalization include all of the following, except: Freer trade has resulted in…

A: Globalization is the process of integrating the domestic economy with the global economy.

Q: Make the case in favor of international trade based on comparative advantage.

A: A country has Comparative advantage when the opportunity cost (OC) of producing a good or service is…

Q: Question 3: Economies of Scale, Imperfect Competition and International Trade Trade need not be…

A: While dealing or exchanging in international trade, both participants try to benefit from the…

Q: What is meant by Autarky in International Trade? Defensive trade policy aimed at eliminating all…

A: ANS By autarky, we mean the scenario where a country is not involved in any form of trade with other…

Q: Name and describe at least one international organization or trade agreement which has sought to…

A: International trade is described as the exchange of commodities, services, and capital across…

Q: [Basic static analysis of trade] Construct a simple model of the (wholesale) market for wheat…

A: The process of purchasing and selling items in big numbers and so at lower rates, mainly to…

Q: Based on the theory of overlapping demand, it can be argued that trade in industrial products is…

A: The overlapping demand theory there is a strong international trade competition in manufacturing…

Q: Discuss the role of Islam in cross-cultural relations and business operations.

A: In Islamic law, interest on loans cannot be charged as it is regarded as usury, so banks have to set…

Q: Is product liability a legal concept that is standardized across nations? Intellectual property?

A: Product viability refers to a software product's ability to sustain itself or recover its potential.…

Q: In context of international trade explain import substitution and export promotion policies

A: Answer - Import Substitution Policies-  It is the policy which pramotes the domestic goods while…

Q: Compare strategic trade policy with infant industry argument( in terms of their goals and policy…

A: Answer: Strategic trade policy is based on the argument for protection of the industries of the…

Q: Trade need not be the result of comparative advantage but it can be a result of economies of scale.…

A: Comparative Advantage: The comparative advantage exhibits to the economic situation where an economy…

Q: Gains from trade come from: Excessive negotiations. Specializing in one’s comparative advantage.…

A: The emergence of globalization allowed countries to trade with each other. The countries exchange…

Q: Which of the following is a reason why countries willingly weaken sovereignty through bilateral and…

A: In the second half of the 19th century, many developing or developed nations have opened their…

Q: Analytically discuss how Economies of Scale and Imperfect Competition describe contemporary trade.…

A: Economies of Scale This describes the cost savings that occur as a company expands its scale of…

Q: Historical evidence suggests that, when technology matures and industrial production moves to…

A: When technology matures and industrial production moves to counties with lower costs, Products which…

Q: Each of the following are espoused major principles of the WTO, EXCEPT: Liberalization of trade…

A: World Trade Organization (WTO) is the inter-governmental organization established in 1994 and…

Q: Explain the impact of intra and inter-industry trade on a country;

A: Intra industry trade implies trading based on comparative advantage ie lower opportunity cost would…

Q: What are Australia’s opportunities in global value chains (GVCs) in Asia Pacific focusing on GVCs in…

A:

Q: Discuss two forms of ethical practices conducted in international trade transactions.

A: Ethical standards help to build confidence between company partners and customers. Organizations…

Q: Which of the following aims to cushion domestic businesses and industries from overseas competition…

A: There are various methods used to protect domestic business from foreign competition in order to…

Q: This module covers five concepts of the global economy: • Specialization and Trade • Comparative…

A: The economies around the globe are involved in various economic, and financial transaction's with…

Q: With respect to international trade, specialization means that Multiple Choice each country consumes…

A: Specialisation refers to a process of using the skills and knowledge to produce a particular good…

Q: Match the following Regional Trade Agreement examples to the Type of Regional Trade Agreement to…

A: Customs Union:  A customs union is the substitution of a single customs territory for two or more…

Q: major opportunities and challenges currently facing intra-African trade. Evaluate some of the…

A: Trade  Trade refers to the Import and export of goods and services from one country to another…

Q: If opening up to free trade would benefit a nation, then why do nations not just eliminate their…

A: Free trade means that goods of another country are also treated like domestic goods. Free trade of…

Q: Unit labor costs in Germany approach $30 per hour, whereas in Britain unit labor costs are only $20…

A: Unit labor: It refers to the cost of a country closely related to the level of labor productivity.…

Q: Need a self explanatory summary on the impacts of immigrants on international trade on high tech…

A: Immigration is the international movement of people to another country which is not the native…

Q: Trade that occurs in a particular industry is called a. intra-industry trade b. inter-industry…

A: Inter-industry trade: When there is trade of goods which belongs to different industries, then it is…

Q: In international trade, political risks arise when the provider is unable to meet the contractual…

A: Businesses involved in international trade face various types of risks like contract risk, credit…

Q: International trade causes the loss of jobs in industries where a country has Select the correct…

A: International trade occurs when a country export or import goods with other countries.

Q: The agreement is in the form of free trade between members and requires uniform external trade…

A: Custom union, Free trade area, Preferential Trading Agreements are different types of the trading…

Q: Multiple choice questions: 1. Why is the Import substituting industrialisation considered as too…

A: Import Substitution Industrialization:- Import substitution industrialization refers to an economic…

Q: Match each trade theory below to its rationale for international trade  Theory of Comparative…

A: Macroeconomics refers to the field of economics which considers economy as whole. It includes study…

Q: Examine the role of increasing returns or economies of scale in supporting multinational enterprises…

A: The economy of scale is a cost advantage to the organization that obtains due to its large scale of…

Q: What are the positive effects of international trade? Select one: a. stimulates and…

A: International trade allows for the free movement of goods and services across the frontiers. The…

Q: Why are some economists who favor free trade concerned about the proliferation of regional trad…

A: Answer: Regional trade agreements take place between countries of a geographical area to decrease…

Q: African diaspora population to stimulate the continents global trade competitivene

A: A diaspora population is described as a group of individuals who live outside nation A in which they…

Q: Explain in detail the key three issues affecting global trade at present?

A: The transfer of capital, goods, and services across international borders or territories in response…

Q: what is the impact of Rice Tariffication Law to the agricultural modernization in the country

A: Rice tarrification law eliminated the monopoly of the National Food Authority which was dominated on…