Prior to 2020, the world was becoming more integrated. Supply chains traversed national borders and oceans without much hinderance. The spread of a viral pandemic may have altered these supply chains and interdependencies for foreseeable fu

Q: external scale economies leads to prices that are lower than the prices in only one of the trading…

A: The answer is as follows:-

Q: What can be the current trade status of the US amongst other countries during COVID-19 pandemic?…

A: As the pandemic's early consequences became apparent, trade in goods and services slowed in the…

Q: Provide possible reasons regarding shift of PPC to the unttainable point (5marks)

A: The Production Possibility Curve or Frontier (PPC or PPF), delineates every one of the potential…

Q: Describe the environment (internal and external) affecting NESTLE worldwide, suggested to use Porter…

A: Nestle is a multinational corporation that functions as a brand and employs a large number of small…

Q: After seven years of negotiations, 12 countries—including the United States, Japan, Vietnam, and…

A: Economic equilibrium is the mix of economic factors (typically price and quantity) toward which…

Q: In the figure below, Sai is the long-run domestic supply curve of oil without considering the…

A: A country becomes an importer when the world price is less than equilibrium price.

Q: How much of good Z will be consumed in country G? Q4 Q5 Q6

A: With price in country F is lower than country G, country G is net import of the good at lower…

Q: The Melitz (2003) model can account for positive selection of firms into export.  True  False

A: It is an asymmetric two-country Melitz model.

Q: Quotas are better than tariffs because they lead to 'quality upgrading' which is good for the…

A: Quota refers to the limit on the number of goods a nation can import whereas tariff refers to the…

Q: Based on Maritime Security define the terms:   The economic importance of maritime trade Mega port…

A: The trade is the difference between the exports and imports. The exports mean the goods and services…

Q: After seven years of negotiations, 12 countries—including the United States, Japan, Vietnam, and…

A: Below figure shows the demand and supply of shoes in U.S. Demand for shoes is presented by demand AD…

Q: If new government regulations designed to protect wetlands remove very productive farmland from…

A: Production Possibility Curve(PPC) is the locus of the different combinations of goods that can be…

Q: Why international economic policy and policy coordination is important? Please refer to policy…

A: Trading and financial relations between industrialised countries have grown significantly in the…

Q: Suppose American sugar producers convince the federal government to issue a directive to put a…

A: The principal-agent problem arises in a market where there is asymmetric information. That is, one…

Q: Tariff Jumping occurs when Group of answer choices Countries raise (and lower) their tariffs in an…

A: Tariff jumping is a strategic decision of the producer to avoid fetching the maximum profit by…

Q: Due to coronavirus there has been government policies implemented to reduce the importation of…

A: A protectionist policy is one in which a country restricts the importation of goods and services…

Q: How has COVID-19 affected a country’s ability to achieve production efficiency? Provide specific…

A: The production possibility curve indicates alternate combination of two goods which can be produced…

Q: From a resource-based view, what valuable and unique resources and capabilities does Microsoft have…

A: The resource-based view  is a model that emphasises the importance of resources in achieving…

Q: In the figure below, Sai is the long-run domestic supply curve of oil without considering the…

A: Demand Curve: - demand curve is the graphical way of showing the relationship between the quantity…

Q: Tourism should be banned in order to protect local environments, cultures and economies.” To what…

A: A country endowed with natural places that attract people from all over the world is benefited by…

Q: List institutions that influence international environmental policy and describe how nations handle…

A: Environmental policy is a problem-solving tool that takes the help of different domains like…

Q: Combinations of points which are outside of the PPC curve are impossible to achieve because of…

A: Production possibility curve (PPC) shows the combination of goods that an economy can produce with…

Q: The automobile industry in Macroland successfully lobbies for import quotas that result in…

A: A quota basically refers to a government-imposed trade restriction that restricts the quantity or…

Q: The war Russia is waging against Ukraine has already halted most of Ukraine’s production…

A: The unexpected and most critical situation between Russia and Ukraine brought about disruptions in…

Q: After seven years of negotiations, 12 countries—including the United States, Japan, Vietnam, and…

A: A tariff is a sort of tax that a nation imposes at the border on an imported commodity. In the past,…

Q: mean(s) that the choices and actions of buyers and sellers in a market affect others who are not…

A: Answer in step 2.

Q: Explain the effects of Covid on the world economy.

A: 1. Worldwide job loss. Increase in unemployment and pay cuts. 2. Decline in real GDP growth for a…

Q: "Internalisation advantages" as implied by Dunning’s "Eclectic Paradigm" are a. the benefits of…

A: Internalization: It refers to the process under which the company tries to make foreign processes…

Q: climate change: why are tomato prices in Fiji increasing? Use graphical exposition to support…

A: Market demand for a commodity can change as a result of a change in consumers income, their tastes,…

Q: The table below lists the maximum feasible quantities of digital apps and tablet devices that can be…

A: The following table represents the opportunity (OC) costs of producing the commodities in each…

Q: Malaysia’s Islamic takaful industry is growing steadily despite the calamities caused by a Covid-19…

A: Takaful industry in Malaysia is an Islamic insurance company. It is started in the early 1980’s. It…

Q: As trading takes place, trading partners become independent interdependent allies sworn enemies

A: Trading: The economic activity which includes buying and selling of goods and services between…

Q: Q91 Over the long run, protecting a domestic industry using a high tariff is likely to _____ new…

A: Tariff: - tariff is a tax imposed by the government of a country on the imports or exports of that…

Q: One of the most important problems with the first cap and trade systems established to control…

A: Answer- Need to find- One of the most important problems with the first cap and trade systems…

Q: Q18 According to the textbook, dumping is defined as charging... a. A domestic retail price above…

A: Dumping can be understood as a strategy used by the producers in which they charge lower prices in…

Q: Elaborate on the several alternative approaches to address the various challenges facing global food…

A: Food security refers to the condition where all people without any discrimination gets the required…

Q: you will be examining the impacts of the current COVID 19 pandemic on the foreign exchange rate of…

A: The interplay of the evolution of the COVID-19 virus because it spread across the planet with the…

Q: impact of covid-19 on import of china &  impact of covid-19 on export of china

A: Covid-19 which is declared a pandemic by the World health organization in the first quarter of 2020,…

Q: COVID -19 has adversely affected the volume and growth of international trade. Elaborate.

A: International trade is the process of buying and selling products outside the country’s border.

Q: Low Intra-GCC trade is a. An institutional challenge for GCC countries b. An economical challenge…

A: Gulf Cooperation Council(GCC): - It is economic and political integration of all Arab states of the…

Q: The domestic market of a small country is described by the following supply and demand curves: Qs =…

A: Equilibrium is achieved at the output level where quantity supplied equals quantity demanded.

Q: covid 19 is likely to impact both the volume and the direction of international trade in a big way.…

A: Covid 19 pandemic that has been originated from the Wuhan city of China has had a devastating impact…

Q: Two firms, A and B, are contemplating exporting a local fruit called durian to another country that…

A: a) The payoff matrix of the game can be represented as :   Firm B   Firm A   Export Don't…

Q: What are the changes in the international trade among countries during COVID-19 pandemic?

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

Q: Please define COVID -19 has adversely affected the volume and growth of international trade. Can you…

A: How coronavirus is affecting the global trade. China is significant in the nexus of the global…

Q: Questions: 1/ Explain why the demand for the bridge is likely to be price-elastic. 2/ If the Swedish…

A: Price elasticity of demand measures by how much does the quantity demanded of a good changes in…

Q: The term refers to a market exchange that affects a third party who is outside or external to the…

A: At a marketplace, an individual's action can affect the behavior and action of other individual…

Q: The nation of Bermuda is “small” and assumed to be unable to affect world prices. It imports…

A: