The gains from international trade arise basically because: 1. of specialization 2. countries can protect their...
The gains from international trade arise basically because:
| 1. |
of specialization |
|
| 2. |
countries can protect their markets when necessary |
|
| 3. |
exports create jobs |
|
| 4. |
free markets operate better than government intervention |
|
| 5. |
imports are always of higher quality than domestic products |
Homework Answers
The gains from international trade arise basically because:
of specialization (countries produce goods/services where they have comparative advantage)
Add Answer to:
The gains from international trade arise basically because:
1.
of specialization
2.
countries can protect their...
inmäiginary economy of Meekertown. In the absence of international trade, the domestic price of meeker Consider...
inmäiginary economy of Meekertown. In the absence of international trade, the domestic price of meeker Consider the market for meekers in the intaginary economy of Meekertown. In the absence of international trade, the domestic price of meekers is $35. Suppose that the world price of meekers is $21. Assume that Meekertown is too small to influence the world price of meekers once it enters t international market. If Meekertown allows free trade, then it will meekers. Given current economic conditions...
hich of the following statements about a free trade agreement is accurato? The gains are shared...
hich of the following statements about a free trade agreement is accurato? The gains are shared equally by each member. Increased competition can result in higher commodity prices in the domestic markets of the member countries. Supplier firms might benefit from economies of scale that allow them to lower average costs t can increase the opportunities for domestic business investments but will decrease foreign direct investment into the member countries QUESTION 5 Suppase that the WTO determines that one of...
1. If the exchange rate of the dollar relative to other currencies is determined by market...
1. If the exchange rate of the dollar relative to other currencies is determined by market forces, a. the purchases of Americans from foreigners will be equal to the sales of Americans to foreigners. b. Americans will gain from the international trade only if foreigners lose an equal amount. c. the gains of Americans from international trade will be just equal to the gains of foreigners from the trade. d. imports from foreigners will create jobs in other countries but...
Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between...
Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between international trade and domestic trade More complex context More difficult and risky Higher management skills required 3. Basic concept s relating to international trade Visible trade & invisible trade Favorable trade & unfavorable trade General trade system & special trade system Volume of international trade & quantum of international trade Commodity composition of international trade Geographical composition of international trade Degree / ratio of...
Alleme: 1 3. Gains from trade Consider two neighboring island countries called Contente and Euphoria. They...
Alleme: 1 3. Gains from trade Consider two neighboring island countries called Contente and Euphoria. They each have 4 million labor hours available per week that they can use to produce rye, Jeans, or a combination of both. The following table shows the amount of rye or Jeans that can be produced using 1 hour of labor. Rye (Bushels per hour of labor) Jeans (Pairs per hour of labor) Country Contente Euphoria Initially, suppose Contente uses 1 million hours of...
The U.S. government restricting the quantity of sugar imports into the country is an example of...
The U.S. government restricting the quantity of sugar imports into the country is an example of a(n): trade settlement. trade quota. market hanger. embargo. The key industries argument for trade restrictions relies on the notion that: war may disrupt trade flows. some industries deserve protection because they provide positive spillover effects to the rest of the economy. products with inelastic supply are the major source for job creation. economies of scale are easier to achieve in exporting industries. Which of...
1 Since World War II, world trade has decreased in importance as nations turn inward due to security concerns....
1 Since World War II, world trade has decreased in importance as nations turn inward due to security concerns. risen sharply, outpacing gains in annual world real GDP. increased, but not as dramatically as annual world real GDP has climbed. increased in relative importance for most nations, but not for the United States. Question 2 The importance of international trade in the U.S. economy has been increasing but is expected to decrease in the future. has been decreasing and is...
Attempts:Score: 12 34. Problem 34 The International Property Rights Index (IP protected ) scores countries based...
Attempts:Score: 12 34. Problem 34 The International Property Rights Index (IP protected ) scores countries based on the legal and political environment and how well property rights are The following table lists the IPRI scores and GDP per person in 2014 for six countries. Norway Singapore United Kingdom Brazil Algeria Bangladesh IPRI Score 8.3 8.2 7.8 5.5 4.1 3.4 GDP per Person (Current US Dollars) 97,307.4 56,284.6 46,322.0 11,384.4 5,484.1 1,086.8 Countries with better property rights protection generally have higher...
No need to explain in detail. I just want to check my answer. But please provide...
No need to explain in detail. I just want to check my answer.
But please provide me a formula.
1. The principle of comparative advantage asserts that a. not all countries can benefit from trade with other countries. b. the world price of a good will prevail in all countries, regardless of whether those countries allow international trade in that good. c. countries can become better off by exporting goods, but they cannot become better off by importing goods. d....
A country's gain from international trade involves: 1. having more import tariffs for the government 2....
A country's gain from international trade involves: 1. having more import tariffs for the government 2. having more goods for consumption than under self-sufficiency 3. obtaining higher wage rates without the need for worker migration 4. having compensation given to the losers from trade 5. facing less competition from other countries
inmäiginary economy of Meekertown. In the absence of international trade, the domestic price of meeker Consider the market for meekers in the intaginary economy of Meekertown. In the absence of international trade, the domestic price of meekers is $35. Suppose that the world price of meekers is $21. Assume that Meekertown is too small to influence the world price of meekers once it enters t international market. If Meekertown allows free trade, then it will meekers. Given current economic conditions...
hich of the following statements about a free trade agreement is accurato? The gains are shared equally by each member. Increased competition can result in higher commodity prices in the domestic markets of the member countries. Supplier firms might benefit from economies of scale that allow them to lower average costs t can increase the opportunities for domestic business investments but will decrease foreign direct investment into the member countries QUESTION 5 Suppase that the WTO determines that one of...
Alleme: 1 3. Gains from trade Consider two neighboring island countries called Contente and Euphoria. They each have 4 million labor hours available per week that they can use to produce rye, Jeans, or a combination of both. The following table shows the amount of rye or Jeans that can be produced using 1 hour of labor. Rye (Bushels per hour of labor) Jeans (Pairs per hour of labor) Country Contente Euphoria Initially, suppose Contente uses 1 million hours of...
Attempts:Score: 12 34. Problem 34 The International Property Rights Index (IP protected ) scores countries based on the legal and political environment and how well property rights are The following table lists the IPRI scores and GDP per person in 2014 for six countries. Norway Singapore United Kingdom Brazil Algeria Bangladesh IPRI Score 8.3 8.2 7.8 5.5 4.1 3.4 GDP per Person (Current US Dollars) 97,307.4 56,284.6 46,322.0 11,384.4 5,484.1 1,086.8 Countries with better property rights protection generally have higher...
No need to explain in detail. I just want to check my answer.
But please provide me a formula.
1. The principle of comparative advantage asserts that a. not all countries can benefit from trade with other countries. b. the world price of a good will prevail in all countries, regardless of whether those countries allow international trade in that good. c. countries can become better off by exporting goods, but they cannot become better off by importing goods. d....
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