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Provide a critical assessment of traditional and modern theories of international trade in promoting international
trade
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- Discuss at least 3 barriers affecting the Philippine international trade.Republic Act 11203 or the Rice Tariffication Law was passed in the Philippines last 2019. With the concepts of trade barriers, examine the positive and negative effects of theimposition of this law.What is the rationale for international trade? Provide a critical assessment oftraditional and modern theories of international trade in promoting internationaltrade. Why would a country promote protectionism? (Answer in 1000 words)
- in detail What is the rationale for international trade? Provide a critical assessment oftraditional and modern theories of international trade in promoting internationaltrade. Why would a country promote protectionism?Discuss two forms of ethical practices conducted in international trade transactions.Explain and evaluate the theoretical and practical case for and against liberalizing international trade in the context of Australian resource endowments and trade policies
- What is the rationale for international trade? Provide a critical assessment of traditional and modern theories of international trade in promoting international trade. Why would a country promote protectionism?Compare strategic trade policy with infant industry argument( in terms of their goals and policy instruments, advantages and disadvantages etc..) and explain the main differences.(a) Boreland and Pipeland are two countries producing toycars, having the following demand and supply conditions : Boreland: DD: Q_(d)=10-2P SS:Q_(5)=2+2P Pipeland: DD: Q_(d)=8-2P SS: Q_(5)=4+2P (i) Given this information, what will be the world equilibrium price and quantity traded? (ii) The fixed cost of setting up a production chain of toycars by the exporting country in the importing country is $2.5, and the cost of transportation is $0.25 per toycar exported. Which route would be preferred by the exporting country: producing toycars abroad or exporting the same from home? (iii) In the light of the above answers, explain the tradeoff faced by the exporting country. PLease answer all three (i),(ii)and(iii)