QUESTION 8 All of the following factors have contributed to the rapid expansion of international trade since the 1980s, except for O A. progress in communications. O B. trade agreements. OC. lower transportation costs. O D. protectionism. O E. lower tariffs.
Q: a. Unrestricted international trade benefits every person in a country equally. O b. Trade can…
A: International trade refers to the exchange of goods and services among various trading countries.…
Q: O a each country will export goods at which it has a comparative advantage at producing and import…
A: If all countries follow free trade policy, economist predict that the comparative advantage in the…
Q: a) What is a tariff ? Does a tariff have a result from an import quota? b) Suppose a tariff allowed…
A: Hey, Thank you for the question. According to our policy we can only answer 1 question per session.…
Q: D) If the two countries decide to trade 100 liters of Whisky at a rate of 2 liters of wine per liter…
A: Since you have asked to solve part D so I am solving that part only.
Q: The table below shows the monetary value of the production of gems and steel respectively In the…
A: Absolute advantage refers to the situation where the capacity of one country to produce more amount…
Q: 2. Who propounded the opportunity cost theory of international trade?
A: International trade is the exchange of goods and services produced in a domestic country with the…
Q: There is more international trade in clothing than in fresh bread. This is likely because O A) No…
A: The reason for more international trade in clothing than in fresh bread is because that shipping…
Q: If Portugal has a total of 120 man-hours of resources available for production, while England has…
A: Relative price: It is the ratio of prices.
Q: If United States has a comparative advantage over Japan in the production of cars, then. O the…
A: Meaning of Opportunity Cost: The term opportunity cost refers to the situation under which the…
Q: 1. Expain in detail a) what are the comparative or absolute advantages that a migrant can have on…
A: Comparative or absolute advantages that a migrant can have- Immigrants will increase the amount of…
Q: Assume, for Vietnam, that the domestic price of textiles without international trade is lower than…
A: Vietnam has lower price of textiles than other nations. This means Vietnam can produce textiles…
Q: O a. To raise government revenue O b. To protect producers from declines in domestic demand Oc To…
A: Trade barrier demotivate the countries to engage in trading activities with each other.
Q: If Canada has stricter laws for environmental protection than Mexico, and if these laws restrict…
A: Here, it is given that Canada has relatively strict enviornmental protection laws as compared to…
Q: O Countries often engage in FDI in industries where the country they invest in has a comparative…
A: A foreign direct investment involves an organization or individual situated in one nation putting…
Q: a. Suppose that the international relative price of cloth goes up. How will this affect the trade…
A: Price: A cost is the (typically not negative) amount of instalment or pay offered by one gathering…
Q: 1. Now home opens up to trade. How does home's export supply curve change, if at all, after the…
A: When a country opens up to commerce, capital and labor shift to industries where they can be used…
Q: Suppose that in the next few years Saudi Arabia oil production increases significantly. a. How will…
A: Terms of trade are basically defined as the ratio of the index of export prices to the index of…
Q: Which of the following is correct about the imperial international system? O A. It is the current…
A: The answer is - C. Imperialism predates the modern nation state system.
Q: 5.Consider any industry that has the effect of clustering. The world consists of only A and B…
A: Given, under self-sufficiency (which means domestic demand is equal to the domestic supply of goods…
Q: Home has 1200 units of labor available. It can produce two goods, apples and bananas. The unit labor…
A: The exchange of commodities and services between countries is known as international trade.…
Q: a) Suppose the two countries engage in international trade, and that the international relative…
A: Answer a).
Q: Who are benefited from a tariff on imports ? O A. producers and government. O B. producers O C.…
A: Answer to the question is as follows :
Q: n what ways do the international protection of intellectual property rights (think patents,…
A: While it was once all about getting materials from afar, the concept of trade has broadened to…
Q: Who propounded the opportunity cost theory of international trade? A. Ricardo B. Marshall C.…
A: The opportunity cost theory idea explains that if a country can produce either commodity A or B, the…
Q: To achieve the potential gains from international trade, O A. Brazil should produce both quinoa and…
A: International trade refers to cross-national economic exchanges.Consumer commodities, such as…
Q: Consider two countries, home and foreign and a single good, Y. Assume that home country imports good…
A: Given: MD = 170 – 2PY EX = PY – 40 Note: Due to multiple subparts being posted, the first three…
Q: Use the chart to answer the following question. ? Reduce the number of quotas Growth of trade Reduce…
A: The chart has the following : Reduce the number of quotas. Growth of Trade Reduce protective…
Q: The president of the United States argues that the United States should threaten to impose a tariff…
A: Tariff is nothing but the tax on imports. United States in imposing tariff on Chinese goods so that…
Q: Suppose that in the absence of trade, the U.S. price for bicycles was higher than the world price…
A: Free trade policy is defined as that policy which puts no restriction on import and exports of goods…
Q: as firms and workers play to their comparative advantage, trade will also cause the average level of…
A: The measure that depicts the transfer of goods from one entity to another being done in exchange for…
Q: 5. Suppose that the comparative-cost ratios of two products- baby formula and tuna fish-are as…
A: 5) Countries C and T are given which produce two goods ie baby formula and tuna fish. Country C can…
Q: a. Are comparative-cost conditions such that the two countries should specialize? If so, what…
A:
Q: What ushered in the "second golden age" of trade? O the decline in volume of trade among…
A: When talking about international trade, rhe golden age period arose after the WW I and WW II because…
Q: Look at a country’s Terms of Trade (T.O.T.). It is assumed that when the T.O.T. value increases the…
A: The term of trade (T.O.T.) refers to a rate at which a country’s goods are exchanged for another…
Q: When the North American Free Trade Agreement (NAFTA) was being negotiated in the early 1990s, there…
A: In economics, gains from trade are the net advantages to economy agents from being permitted an…
Q: i live in turkey a) What are the comparative advantages (as a product or service) of your country?…
A: Cars,automobile parts/accessories.These products are manufactured in high quantity and therefore…
Q: What were some of the reasons for the decline in the import-substituting industrialization strategy…
A: Answer: In the Import-substituting policy, the firms were still producing when their costs were…
Q: Question 3 Like tariffs, quotas tend to lead to higher prices and reduced imports. increased…
A: Tariff is a form of taxation which is imposed during international trade by a country on the…
Q: Under open trade, what will be the international price and quantity traded? a) $8 and 12 units. b)…
A: Open trade: It means speculative trade or transaction that has not been closed.
Q: c. What are the limits of the terms of trade? The most China will trade (give up) is unit(s) of…
A: Answer for part c: Comparative theory of trade which explain that a country produces that good which…
Q: A collection of countries within an integrated economic region is referred to as? O A) a regional…
A: An arrangement that includes either the elimination or reduction of barriers of trade and the…
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- Zeta Corporation is a Philippine ExportCompany. It sells its goods to the US.Assuming that the BSP prints morePhilippine peso bills, how will thesales of Zetabe affected? A. The decrease in money supply will increase the value of each peso, require less peso to get one USD, hence Zeta's sales in peso will decrease.B. The increase in money supply will increase the value of each peso, require less peso to get one USD, hence Zeta's sales in peso will decrease.C. The decrease in money supply will lower the value of each peso, require more peso to get one USD, hence Zeta's sales in peso will increase.D. The increase in money supply will lower the value of each peso, require more peso to get one USD, hence Zeta's sales in peso will increase.(A) explain how rapid urbanization can pose a problem in the country. Explain in 3 sentences only. (B) How can rising rural-urban migration can be controlled? Explain in 3 sentences only.a) If a country has exhibited a lower inflation than its major trading partner country, how would you expect this to affect the currency value for that country with respect to its trading partner? Why may this expected relationship not always occur? b) Assume that the inflation rate in India is expected to increase substantially. How will this affect India’s nominal interest rates and the value of Indian rupee (INR)? If the International Fisher Effect (IFE) holds, how will the nominal return to the U.S. institutional investors investing in Indian financial markets be affected by the higher inflation in India? Explain. c) Explain why the high inflation in India may lead to severe pressure on the INR.
- 1. Notice how U.S. imports rose at roughly the same rate asthose of other countries until the 1970s. What accounts forthe acceleration of U.S. imports thereafter? 2. China’s exports rose spectacularly after the 1990s. Germanyincreased its exports in this period dramatically as well. Whatevidence do you see here for increasing competition for theUnited States in a globalizing economy?9. Answer ALL parts of this question. Consider the standard trade model with two goods and two factors, labour and capital. (a) Suppose that a country experiences an increase in its labour force. Assume thatgood X is labour intensive and good Y is capital intensive. How would theproduction possibility frontier change as a result? Illustrate this with a simplediagram. (b) What does it mean for the “terms of trade” to improve and why might this matter interms of welfare? (c) Consider two countries: Home and Foreign. Each country produces two goods,cloth (C) and food (F). Assume Home is an exporter of cloth. Now suppose Homeimposes a 20 percent tariff on the value of food imports. What will be the effect ofthe food tariff on the relative price of cloth and terms of trade? Illustrate youranswer with a relevant diagram. You may assume that Home is large enough toaffect the world market.5. Is globalization leading to cultural convergence (i.e., grow similar over time)? If so how?
- (1d) To measure a real increase in wages, the changes would have to be averaged. the wages would have to be adjusted for inflation overtime. (my guess) the increase would have to be compared to the growth in GDP. (1e) Jerusha lives in a country with a large amount of protection under the law for conducting business or bringing her ideas to the market with patten production. Because of the economic conditions what will Jerusha most likely do with her rainwater collecting invention? Keep her ideas in a notebook and sell them to the highest bidder. Find a country where she can develop her idea away from strong patent laws. Develop her invention and bring it to market with ease and minimal cost. (my guess) (1f) Over the past 50 years, which component of consumer spending has steadily gained as a percentage of the total? durable goods nondurable goods services (my guess) (1g) The distinction between real GDP and nominal GDP is important to determine which of the following? The…Can you think of ways that globalization has helped you economically? Can you think of ways that it has not?What is globalization? How do you think it might have affected the economy over the past decade?
- Only like if no ai or downvoted for ai content Suppose that the equilibrium exchange rate between the United States and South African is 15.13 Rand per US dollar. Further suppose that the two countries are trading partners with each other. Inflation now rises in South Africa. Which of the following answer choices correctly represents the shift that would occur in the US foreign exchange market? The supply of US dollars would fall. The demand for South African Rands would rise. The supply of South African Rands would rise.a.Why did Globalisation happen? b.What impact does Globalisation have? c.Who does Globalisation impact and in what way?A9. If the Canadian dollar loses value, and it costs Canadian supermarkets more to import bananas from Central America, will the stores pass on the higher prices to consumers immediately? If they allow the price of bananas to rise gradually over a period of time to reflect the higher costs, what will happen to banana imports? Why?