Which of the following is NOT true about intra-industry trading?   Group of answer choices   In intra-industry trading, firms can often control the entire value chain for their product   With intra-industry trading, countries can specialize in unique processes and skills   Intra-industry trading can keep costs low collectively, while giving consumers lots of options to choose from   With intra-industry trading, comparative advantage is not fixed as taking advantage of economies of scale plays a larger role in productivity than geography or education levels

Q: Critically assess the Heckscher-Ohlin model of international trade.

A: The Heckscher-Ohlin model of International Trade is an economic theory that proposes that countries…

Q: What is an argument expressed to counter infant industry rationale for protectionism?   Group of…

A: Protectionism: It refers to the policy that is used by the government to provide the protection to…

Q: The Russia-Ukraine War: Discuss the effects of this war on international trades and businesses

A: The conflict appears to be Europe's most serious conflict since 1945.

Q: Outsourcing is another word for off-shoring.    B.  The invention of containerization…

A: A) Outsourcing happens when an organization gets a particular interaction out to an outsider,…

Q: Q)When countries trade based on absolute advantage or comparative advantage, a. both import and…

A: When the country is able to produce goods more efficiently compared to its competitors then the…

Q: ​Patents, tariffs, and quotas are all examples of   A. governmentminus imposed barriers.   B. entry…

A: Patent, tariffs, and quotas are barriers which have been created by the government to protect the…

Q: The production side efficiency loss of a tariff is caused by the contraction of domestic…

A: Tariffs are used to impose import restrictions. Simply expressed, they raise the price of…

Q: The infant-industry argument for trade protection holds that new industries need to be protected…

A: Government plays various responsibilities to protect the interest of the consumers and producers in…

Q: Which of the following most accurately describes the Spanish foreign trading policies? OPTIONS: (i)…

A: Foreign trading: Global exchange is the trading of capital, products, and administrations across…

Q: Equilibrium price in international trade is the common price between exporting and importing…

A: Equilibrium price in international trade is the common price between exporting and importing…

Q: Q31 Economies of scale and product differentiation can provide an explanation for... a. Absolute…

A: Intra industry trade: - Intra industry trade is the type of international trade in which a country…

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: The African Union has proposed the creation of a Continental Free Trade Area which will create a…

A: The African Continental Free Trade Region (AFCFTA) accord, which unites 1.3 billion people from 55…

Q: Inter-industry trade is based on comparative advantage while Intra-industry trade in differentiated…

A: Inter industry trade can be defined as the trade that happens between various industries and not…

Q: International trade harms the owners of relatively scarce factors of production and benefit the…

A: International trade refers to economic transactions between countries. Consumer goods, such as…

Q: Indicate whether each outcome in the following table is or is not an objective of economic…

A: Objectives of economic sanctions Reduction of nuclear proliferation   Not an objective Promote…

Q: Name and describe at least one international organization or trade agreement which has sought to…

A: International trade is described as the exchange of commodities, services, and capital across…

Q: Provide at least 5 situational analysis with regards to the change in trading among other countries…

A: Answer - Need to find- Provide at least 5 situational analysis with regards to the change in trading…

Q: International trade has been a great boon for many countries and, in general, has been more…

A: Exchange of goods, services and capital from one country to another country or across international…

Q: International trade harms the owners of relatively scarce factors of production and benefit the…

A: The nations around the world are involved in the trading activities with each other. The nations…

Q: Each of the following are espoused major principles of the WTO, EXCEPT: Liberalization of trade…

A: World Trade Organization (WTO) is the inter-governmental organization established in 1994 and…

Q: Which of the following is TRUE about tariffs?   Group of answer choices   Tariffs increase the price…

A: We are going to discuss the definition of Tariff and answer this question.

Q: With respect to international trade, specialization means that Multiple Choice each country consumes…

A: Specialisation refers to a process of using the skills and knowledge to produce a particular good…

Q: Describe how the Philippines may use the Heckscher-Ohlin Trade Theory to develop its international…

A: The Heckscher-Ohlin trade theory beleive in comparative advantage in terms of input resources so…

Q: major opportunities and challenges currently facing intra-African trade. Evaluate some of the…

A: Trade  Trade refers to the Import and export of goods and services from one country to another…

Q: Refer to Figure 9-1. With free trade, total surplus is Group of answer choices $210.00. $552.50.…

A: Note: In the BNED Guidance, only the first question can be answered at a time. Resend the question…

Q: Identify which type of nontariff trade barrier is used in each scenario in the following table.…

A: Export subsidies will be subsidies given to brokers to cover the distinction between inward market…

Q: Trade that occurs in a particular industry is called a. intra-industry trade b. inter-industry…

A: Inter-industry trade: When there is trade of goods which belongs to different industries, then it is…

Q: With Bangladesh opening up to international trade, its consumption possibilities will expand leading…

A: In an open economy, firms are allowed to produce more and sell it in the international market, and…

Q: Question 3b- 5 Trade triangles of the partner and the home country in a two-country analysis are…

A: When talking about international trade, a trade triangle arises due to the opening up economies for…

Q: In international trade, political risks arise when the provider is unable to meet the contractual…

A: Businesses involved in international trade face various types of risks like contract risk, credit…

Q: From 1980 to 2010, China achieved a rapid increase in per capita Real GDP by:     lowering its…

A: The extraordinary greater part of China's exports comprises made merchandise, of which electrical…

Q: What is a benefit of reducing barriers to international trade?   Group of answer choices   The…

A: Trade barriers are imposed in order to protect domestic firms and control the amount of foreign…

Q: Match each trade theory below to its rationale for international trade  Theory of Comparative…

A: Macroeconomics refers to the field of economics which considers economy as whole. It includes study…

Q: Data and empirical observations have validated the fact that a. Sectors specific to export…

A: According to specific factor model, the factors that are, specific to the exports industries or…

Q: Comparative efficiency ratio (CER) helps to identify the most productive country, whereas Domestic…

A: The answer is False.

Q: The was formed in 1969 when Bolivia, Chile, Ecuador, Columbia, and Peru signed the Cartagena…

A: Cartagena Agreement was related to biosafety.

Q: All of the following statements about import tariffs are true except Group of answer choices…

A: Import tariffs means the taxes that are levied on the imported goods. The basic aim behind imposing…

Q: Which of the following is INCORRECT about collusion-obstacles in international trading Number of…

A: Collusion refers to the process of cooperating the firms in international selling by one country to…

Q: Which of the following is not included in the objectives of tariffs? To promote indigenous research…

A: A duty or tax that is being paid for a certain type of exports and imports is known as tariffs.

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: Identify which trade flows each international trade theory explains. Please choose at least one from…

A: Hechscher Ohlin theory is the theory of comparitive advantage. This tells us that the country which…

Q: 9

A: USCMA is a trade agreement between the named parties the United States, Mexico and Canada. It has…

Q: Which organization meets regularly to establish rules and settle disputes related to international…

A: "Since you have asked multiple question we will solve only the first question for you. If you want…