major features of the linder theory of trade are that it focuses on _______ patterns in countries and also introduces, in contrast to traditional trade theories, the general concept of _______ trade a. demand; intra-industry b. demand; inter industry c. supply; intra industry d. supply; inter industry

major features of the linder theory of trade are that it focuses on _ patterns in countries and also introduces, in contrast to traditional trade theories, the general concept of _ trade a. demand; intra-industry b. demand; inter industry c. supply; intra industry d. supply; inter industry

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter34: Globalization And Protectionism

Section: Chapter Questions

Problem 52CTQ: In principle, the benefits of international trade to a country exceed the costs, no matter whether...

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In principle, the benefits of international trade to a country exceed the costs, no matter whether the country is importing or exporting. In practice, it is not always possible to compensate the losers in a country, for example, workers who lose their jobs due to foreign imports. In your opinion, does that mean that trade should be inhibited to prevent the losses?
What are the two main sources of economic gains from intra-industry trade?
How is international trade, taken as a whole, likely to affect the average level of wages?
Name several of the international treaties where countries negotiate with each other over trade policy.
What might account for the dramatic increase in international trade over the past 50 years?
1. is there any differences between the theory of multinational enterprises and conventional trade theory?
12. Compare and contrast Adam’ smith absolute advantage, David Ricardo’s comparative and Heckscher Ohlin’s factor endowments theories of international trade.
7. The era of Mercantilism trade theory was Question 7 options: 1600-1900 1500-1800 1776-1876 None of the above
6. Which of the following considerations need not lead to in-country distribution effectsfrom trade?A. Labor markets display significant frictions.B. Capital may be industry-specific.C. It takes time to learn new skills.D. Wages and productivity in one country are much higher than in its trading partner.
1. Explain how the Ricardian model and the Heckscher - Ohlin model of international trade differ in terms of the following. Use suitable diagrams to illustrate. a) Production possibility frontiers b) Relative supply curves c) Effects of trade on relative prices, production, and income distribution
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Elaborate on the alternative New Trade Theories. Please explain each of them and specifically indicate the main contributions to the understanding of the explanation of trade flows. Hint: make sure to discuss the issues of First Mover Advantage, Location Specific Advantage, Economies of Scale, and Imperfect Competition.