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- Identify the major organizations that facilitate internationaltrade and the major trading blocs around the world.Discuss "THE NORTHWEST PASSAGE" discovery and its significance to international trade.True/False/Uncertain and Explain Gains from trade arise when countries specialize in producing the goods for which they hold an absolutely advantage and then trade.
- 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?QUESTIONS : D. Would you agree if the UK imposed import protection for wheat and corn to protect domestic wheat and corn farmers? Give reasons and basis for your argument. What are the negative and positive impacts that will be faced by the UK when implementing this protection policy (Give at least 5 answers for each positive & negative impact). POINT D ANSWER : Would defeinetly not go with the idea and not accept the trade proctectionsim, as it of more harm than good. Reasons are as follow: -The restricted options of customers and paying more for products and services. A main consequence of trade protectionism would be that, as there can be limits on how much can be imported, buyers may have a restricted variety of products and services. Shoppers would have a very limited option as to the amount, standard and form of product that might otherwise be available to them without competitive protection due to these quotas. -Exchange rate caps have induced long-term inflation because…analyze graphically the issues of climate change and national security from the perspective of an oil importing country such as the US. How would an embargo affect the welfare(net benefit) of this country? Is it necessarily efficient for this country to pursue self sufficiency? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
- What are the comparative advantages (country-specific advantages)) of Rawanda for EU multinational companies? Can you relate those comparative advantages to the theories of international trade?Critics argue that U.S. industrial policy _____ a. provides too much protection to domestic industries. b. gives foreign industries an advantage over domestic producers. c. should shift from a military to a civilian focus. d. discourages spending on basic research in universities. e. currently focuses only on developing the airlines industry. Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.please could you help with parts iv, v and vi After having started a highly unpopular war in Europe, the president of Leninslavia can only sell his country’s gas to two other friendly countries, which, in turn, are not sold gas by anybody else. These friendly countries are the poor nation of Kalininburg (KB) and the richer, morally-ambiguous Coconut Republic (CR). Given the geographical proximity between the two buyers, a strict ban on cross-border sales was agreed with the Kalinian government. The respective demand functions (in million units) for both countries are: QKB=10-PKB QCR=14-0.5PCR The total cost (TC), in millions too, depends on the total amount of units produced Q = QKB + QCR and also includes 10 million of fixed costs. TC follows the expression: TC=10+2Q+Q2 /8 i. Does Leninslavia meet the conditions necessary to implement price discrimination? Explain. ii. What should be Leninslavia’s profit-maximization strategy? Indicate prices and quantities, as well as the amount of…