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?

Q: d. The percentage of total revenue made up by corporate income taxes is e. The percentage of total…

A: Formulas: The percentage of total revenue made up of corporate income taxes = corporate income…

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A: The implicit cost is the cost that already occurred but is not recorded in the business.  It is the…

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A: The answer is solved below:

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