It is conceivable that a country with an industry that exhibits external economies of scale, with the established advantage, would benefit by moving away from free international trade. True or False? It's True Explain. Because

Q: What are the two main sources of economic gains from intra-industry trade?

A: Intra-industry trade occurs when goods that belong to the same classification or that belong to the…

Q: If New Zealand is open to international trade of oranges without any restrictions, it will import…

A: Answer: (1). The country will import the difference between the domestic demand and domestic supply…

Q: What are the arguments in support of international trade

A: Due to the scarce resources or uneven distribution of resources, every country cannot produce all…

Q: With the emerging age of trade together with the drawback of transactions due to the global…

A: Answer -  With the emerging age of trade together with the drawback of transaction due to global…

Q: Discuss why some countries may shield some sectors from international competition? Provide real-life…

A: Economies have various reasons to adopt protectionist measures life tariffs and quotas in order to…

Q: Do consumers benefit from intra-industry trade? For instance?

A: Intra-industry Trade: Intra-industry trade refers to the interchange of products that are similar…

Q: Discuss the advantages and disadvantages in participating in international trade

A: International trade takes place when the countries interact with each other and transport goods and…

Q: Who are the winners and who are the losers from "free trade"? Why do economists believe that a a…

A: Hi! Thank you for the question but as per the guidelines, we only answer one question at a time.…

Q: True or false: Internal trade depends on comparative advantages?

A: Internal trade refers to the trade which occurs within the country. There are hardly any…

Q: Suppose a country opens its trade borders andbecomes a net-exporter of beef. Is it better for…

A: The trade is the exchange of goods and services between the producer and consumer in the economy.…

Q: A primary reason why nations conduct international trade is because

A: The primary reason that why nations conduct international trade is because the resources are not…

Q: provide a diagram that illustrate Belgium's market under free trade, assuming that belgium is an…

A: A country is an importer of the good when quantity demanded exceeds quantity supplied at the world…

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: Discuss the challenges of international trade in the 21st Century

A: International trade is the buying and selling of goods across international borders.

Q: List at least 3 factors that have accounted for the rapid growth of world trade over the past 50…

A: Answer - There are many factors that have accounted for the rapid growth of world trade over the…

Q: Discuss the different types of trade impediments and barriers. What are they, what are considered…

A: Trade barriers are imposed in order to protect the domestic market so that the products produced…

Q: When should a company consider expanding from strictly domestic trade to international trade?

A: The exchange of goods and services within the boundaries of a single nation is known as domestic…

Q: Do consumers benefit from intra-industry trade?

A: Intra-industry trade refers to the trading or business which is happening between the same…

Q: How is the Production Possibility Frontier applicable to international trade?

A: please find the answer below.

Q: explain why is international trade more difficult and risky than domestic trade

A: When an economy opens its boundaries for trade with the rest of the world, it can make domestic as…

Q: Suppose a nation is considering two alternative policies to protect a domestic industry from world…

A: Tariffs are taxes on imports. They really raise the costs of those imports, providing an edge to…

Q: Why should the United States feel the need to trade with other nations when so much can be grown and…

A: David Ricardo's theory of comparative advantage tells that even though a country might be efficient…

Q: What are the sociocultural forces affecting global trade?

A: Global trade gets impacted by a few factors and powers like monetary and legitimate variables; socio…

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: Define protectionism and explain non-tariff barriers to trade. Who are the major beneficiaries and…

A: When a government legislates policies to reduce or block international trade it is engaging in…

Q: Consider two countries: South Korea and Taiwan. Taiwan can produce one million mobile phones per day…

A: Comparative Advantage can be defined as the ability to produce a particular product at a lower…

Q: COUNTRY COFFEE TEA Jamaica 10 5 United States of America 50 20 A. Which country has the absolute…

A: A country will have a comparative advantage in the production of a particular good when it is able…

Q: How did trade impact the production use of oil in North Africa and the Middle East.

A: In order to strengthen the economic status, oil is a important source to many countries in North…

Q: . Two areas, Europe and America, can produce only goods A and B, under constant costs as indicated…

A: Theory of comparative advantage helps in specialisation and promote free trade between countries on…

Q: The main objective of protectionist trade policies is typically to... a. Maximise world production.…

A: The protectionism can be defined as a policy of protecting domestic industries against the foreign…

Q: Data and empirical observations have validated the fact that a. Sectors specific to export…

A: According to specific factor model, the factors that are, specific to the exports industries or…

Q: Put these ways of conducting global trade in order from the least risky first to the most risky…

A: Global trade or International Trade is defined as the exchange of goods and services and capital…

Q: Explains it correctly All transactions in international trade starts with what?

A: International trade is the trading of capital, products, and administrations across global lines or…

Q: Define protectionism, and explain nontarriff barriers to trade. Who are the major beneficiaries and…

A: Protectionism is a strategy of defending native industries from international competition by…