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When we define the gravity model of international trade in international economics it can be said that, in its traditional form, it actually predicts bilateral trade flows based on the economic sizes and distance between two units. Now in a Monopolistic Competition, there are a number of competitors, hence the trade benefits will be derieved from those firms which provide the other companies or countries and economies which have an ease of buying and selling and the service is easily benefitted. For an example, point at which customers find it preferable, because of distance, time and expense considerations, to travel to one center rather than the other. This trade model can be used to measure accessibility to services.
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4. Under Internal Scale Economies and Monopolistic Competition, explain how this type of International Trade is...
3. Under Internal Scale Economies and Monopolistic Competition, explain how International Trade can improve economic efficiency...
3. Under Internal Scale Economies and Monopolistic Competition, explain how International Trade can improve economic efficiency within an industry by changing the types of firms in the industry. (2 points)
2. Under Internal Scale Economies and Monopolistic Competition, what is the impact of International Trade on...
2. Under Internal Scale Economies and Monopolistic Competition, what is the impact of International Trade on the price in an industry? Circle one option. (1 point) a. The price increases b. The price decreases C. The price stays the same d. Not enough information to determine the effect of International Trade on the price
1) What is internal economies of scale? And why would it be a source of trade?...
1) What is internal economies of scale? And why would it be a source of trade? What are the gains of trade in the presence of internal economies of scale? 2) Using graph please explain how performance differences in an industry with internal economies of scale creates winners and losers after trade? Explain step by step.
International trade ar 36 Internal economies of scale will by average cost when output is Pr...
International trade
ar 36 Internal economies of scale will by average cost when output is Pr A) increase; increas ed; a firm B) reduce; increased; the industry C) increase; increased; the industry D) reduce; reduce; the industry E) reduce; increased; a firm and 37 The learning curve describes the A) direct; unit cost; cumulative output B) inverse; educ ation; annual income C) inverse; unit cost; cumulative output D) direct; education; annual income E) direct; education; labor productivity , relationship between...
Apply the following models to Germany's actual trade patterns: Gravity Model Hecksher-Ohlin Model Internal Economies of...
Apply the following models to Germany's actual trade patterns: Gravity Model Hecksher-Ohlin Model Internal Economies of Scale Please explain as well as use illustrations to visualize
Explain what type of market-will-be-formed-if-all-companies.experience internal-economies of scale? ) Explain what type of market will be...
Explain what type of market-will-be-formed-if-all-companies.experience internal-economies of scale? ) Explain what type of market will be formed-if-all-companies experience external-economies of scale?
5 points QUESTION 11 Trade has no effect on the distribution of incomes within countries in trade relations. True False 5 points QUESTION 12 Internal economies of scale form the basis for internationa...
5 points QUESTION 11 Trade has no effect on the distribution of incomes within countries in trade relations. True False 5 points QUESTION 12 Internal economies of scale form the basis for international trade. True False 5 points QUESTION 13 Economies of scale give rise to international​ trade True False 5 points QUESTION 14 Preferential trade agreements are welfare improving if they lead to trade diversion. True False 5 points QUESTION 15 GATT is a more formal organization with larger...
42. In an industry where firms experience internal scale economies, we wong-run Ousu of production will...
42. In an industry where firms experience internal scale economies, we wong-run Ousu of production will depend on: A) individual firms' fixed costs. B) the size of the labor force. C) whether the country engages in intra-industry trade. D) the size of the market. E) whether the country engages in inter-industry trade. 43. In the model of monopolistic competition, if firms have average cost curves, then opening trade will the total number of firms and the average price. A) downward...
6. (15 points) Explain the key features of monopolistic competition, including how it differs from oligopoly....
6. (15 points) Explain the key features of monopolistic competition, including how it differs from oligopoly. Also explain (and illustrate graphically) how equilibrium is determined in the short and long run under monopolistic competition. In monopolistic competition try MR=MC
1. In the case of trade based on external economies of scale, the pattern of trade...
1. In the case of trade based on external economies of scale, the pattern of trade is determined by relative factor abundance. determined by comparative advantage. determined by relative technological differences. determined by history and accident. 2. Dynamic returns to scale refer to average cost falls with current rate of production marginal cost falls with current production average cost falls with cumulative production over time. marginal cost fall with cumulative production over time. 3. In which of the following cases...
3. Under Internal Scale Economies and Monopolistic Competition, explain how International Trade can improve economic efficiency within an industry by changing the types of firms in the industry. (2 points)
2. Under Internal Scale Economies and Monopolistic Competition, what is the impact of International Trade on the price in an industry? Circle one option. (1 point) a. The price increases b. The price decreases C. The price stays the same d. Not enough information to determine the effect of International Trade on the price
International trade
ar 36 Internal economies of scale will by average cost when output is Pr A) increase; increas ed; a firm B) reduce; increased; the industry C) increase; increased; the industry D) reduce; reduce; the industry E) reduce; increased; a firm and 37 The learning curve describes the A) direct; unit cost; cumulative output B) inverse; educ ation; annual income C) inverse; unit cost; cumulative output D) direct; education; annual income E) direct; education; labor productivity , relationship between...
Explain what type of market-will-be-formed-if-all-companies.experience internal-economies of scale? ) Explain what type of market will be formed-if-all-companies experience external-economies of scale?
42. In an industry where firms experience internal scale economies, we wong-run Ousu of production will depend on: A) individual firms' fixed costs. B) the size of the labor force. C) whether the country engages in intra-industry trade. D) the size of the market. E) whether the country engages in inter-industry trade. 43. In the model of monopolistic competition, if firms have average cost curves, then opening trade will the total number of firms and the average price. A) downward...
6. (15 points) Explain the key features of monopolistic competition, including how it differs from oligopoly. Also explain (and illustrate graphically) how equilibrium is determined in the short and long run under monopolistic competition. In monopolistic competition try MR=MC
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