Which of the following is true about BRIC countries: O a. There is low prospects of growth O b. To attain raw materials you will outsource to Bangladesh O c. There is low investment
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- If the removal of trade banters is so beneficial to international economic growth, why would a nation continue to restrict trade on some imported or exported products?Why might Belgium, France, Italy, and Sweden have a higher export to GDP ratio than the United States?What factors does Paul Krugman identity that supported expanding international trade in the 1800s?
- Suppose that Egypt produces cotton and lamb, and that it has comparative advantage in cotton. Draw Eqypt's non-linear (i.e., concave) PPF and FTBL, with cotton on the horizontal axis and lamb on the vertical axis. Be sure to label the axes, the PPF, the FTBL and the autarky and free trade prices. Also show the quantities of imports and exports. (Note, there are no values for the prices, so just show the price ratio and how it's represented in the graph.)give explanations too thank you In the absence of a well-developed local capital market borrowers might go to which World Bank organization to find investment funds? What is ______________ Rather than exporting or FDI I can negotiate a contract that gives another company the right to make my product in their country by what? What is ______________ what is a situation in which higher tariff is triggered after imports reach a certain threshold? What is ______________ When an immigrant sends money to his or her family back in their home country. (it's difficult to measure) What is ______________ When more expensive goods sourced from inside a customs union replace the consumption of less expensive goods from outside the customs union. What is ______________a) It is sometimes argued that, if a government protects a domestic industry (forexample, using tariffs or subsidies) that is facing import competition from a moreefficient foreign industry, this would be a net gain for the country as a whole, evenif the foreign industry is itself protected. Give arguments for and against this pointof view, drawing on Ricardo’s theory of trade, the Standard Model, and other theorythat you consider relevant. Finally, does the size of the country matter?
- 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.True/false/explain. If a country’s workers can produce 5 hamburgers per hour or 10 bags of fries per hour, then absent trade with other countries, the price of 1 bag of fries is2 hamburgers. If trade benefits one country, its trading partner must be worse off as a result of trade.a. Suppose that the international relative price of cloth goes up. How will this affect the trade line and optimal level of consumption in the cloth exporting country? How would this impact the production in the exporting country? Show on the graph and explain (don’t worry about numbers). b. Is this change in the international relative price an improvement or deterioration in the terms of trade of the rest of the world? According to your graph, does the rest of the world gain or lose well-being? Explain!
- By using the concept of the Standard Trade Model, and the assumptions of the H-O model. a) Explain with a graph why with the increase in the relative price of Cloth PC/PFthen should domestic export Cloth?b) If a country exports Cloth and imports Food, then there isbiased growth on cloth, how will it affect the terms of trade?Explain.c) With the same assumptions in number b), what is the impact of export-biased growth and import biased growth of domestic countries on welfaredomestic? ExplainPakistan has developed a comparative advantage in the production of clothing. The source of its comparative advantage in this product is OA. a favorable climate. B. technology. OC. a large supply of unskilled workers. O D. abundant supplies of natural resources. ...Suppose you examine the bilateral trade flows between Northern Ireland and the Republic of Ireland , England, Scotland and Wales. Which bilateral trade flows do you expect to be larger?Select one:O. a. Between Northern ireland and EnglandO. b. Between Northern ireland and WalesO. c. Between Northern ireland and the Republic of Ireland O. d. Between Northern ireland and Scotland