Outward-oriented policies a. allow countries to take advantage of gains from trade. b. allows a greater...
Outward-oriented policies
| a. |
allow countries to take advantage of gains from trade. |
|
| b. |
allows a greater variety of goods and services at affordable prices. |
|
| c. |
are encouraged by most economists. |
|
| d. |
All other options are correct. |
Homework Answers
Outward oriented policies is opposite of the inward oriented policies in which the focus is on self Reliance and capability
But in outward oriented policy ,a country can take advantage from gains and trade of the other countries.
It can also benefitted in terms of good service at an affordable and budgeting prices
In today's globalised world we cannot ignore this type of policy for the mutual benefit of participating countries.
For example,recent construction of chabahar port that links Iran ,Afghanistan and India provide them a better tie of exchange of goods and services by saving time and money . It is also encouraged by most of The Economists
Answer is option D
Add Answer to:
Outward-oriented policies
a.
allow countries to take advantage of gains from trade.
b.
allows a greater...
6. If the relative opportunity costs of producing goods are identical across countries, then there are tary p A. no gains from trade. for t B. gains from trade if trade is based on absolute advan...
6. If the relative opportunity costs of producing goods are identical across countries, then there are tary p A. no gains from trade. for t B. gains from trade if trade is based on absolute advantage mand C. gains from trade if trade is based on comparative advantage pply D. gains from trade that depend on the degree of competition between intemational traders. nd fo 7. The text lists three reasons why economists and non-economists see the pros and cons...
Countries can use a variety of policies to restrict trade. Match the following examples to whether...
Countries can use a variety of policies to restrict trade. Match the following examples to whether they refer to tariffs, quotas, or non-tariff barriers: A. Strict safety standards imposed by the country of slow down the import of refrigerators from most foreign countries B. The country of imposes a 10% duty on all imports of all alcoholic products C. A trade agreement allows 20% of the market for lumber, at most, to be provided by foreign competitors 1. Tariff 2....
3. Comparative advantage and gains from trade Consider two neighboring island countries called Arcadia and Felicidad....
3. Comparative advantage and gains from trade Consider two neighboring island countries called Arcadia and Felicidad. They each have 4 million labor hours available per week that they can use to produce jeans, corn, or a combination of both. The following table shows the amount of jeans or corn that can be produced using 1 hour of labor Jeans Corn Country Pairs per hour of labor) (Bushels per hour of labor) Arcadia Felicidad 12 24 8 32 Initially, suppose Arcadia...
As per one of the ten principles of economics, a country’s standard of living depends on...
As per one of the ten principles of economics, a country’s standard of living depends on its a. ability to produce goods and services. b. quantity of physical capital. c. ability to thrive economically without having to interact with other countries. d. abundance of natural resources. Refer to the information below for the economy of Greenland: Real GDP per person in 2018 = $7,250 Real GDP per Person in 2017 = $7,050 By what percentage the real GDP per person...
In 2018, U.S. President Donald Trump argued that his country's trade agreements with other countries were...
In 2018, U.S. President Donald Trump argued that his country's trade agreements with other countries were bad for the United States and were unfairly benefiting America's trading partners. What does the theory of the gains from trade have to say about such arguments? In general, the basic theory of the gains from trade O A. suggests that free international trade leads increased consumption possibilities for all countries involved (as long as there are differences in opportunity costs). Free trade cannot...
Trade Theories, a Historical Approach Free trade refers to a situation where a government does not...
Trade Theories, a Historical Approach Free trade refers to a situation where a government does not attempt to influence through quotas or duties what its citizens can buy from another country, or what they can produce and sell to another country. The economic arguments surrounding the benefits and costs of free trade in goods and services are not abstract academic ones. International trade theory has shaped the economic policy of many nations for the past 50 years. The textbook reviews...
3. Gains from trade Consider twee boring and countries Cated Arcadia and Dolorum. They each have...
3. Gains from trade Consider twee boring and countries Cated Arcadia and Dolorum. They each have minor hours w h y produce com, Jeans, or a combination of both. The following table shows the amount of com or Jeans that can be produced using 1 hour of abor Country Corn Bushels per hour of labor) (Pairs per hour of labor) Arcadia Dolorum Initially suppose Arcadia usei million hours of labor per week to produce comand o hours per week to...
3. Gains from trade Consider two neighboring island countries called Felicidad and Contente. They each...
3. Gains from trade Consider two neighboring island countries called Felicidad and Contente. They each have 4 million labor hours available per month that they can use to produce corn, jeans, or a combination of both. The following table shows the amount of corn or jeans that can be produced using 1 hour of labor. Country Corn Jeans (Bushels per hour of labor) (Pairs per hour of labor) Felicidad 4 16 Contente 5 10 Initially, suppose Contente uses 1...
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...
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...
6. If the relative opportunity costs of producing goods are identical across countries, then there are tary p A. no gains from trade. for t B. gains from trade if trade is based on absolute advantage mand C. gains from trade if trade is based on comparative advantage pply D. gains from trade that depend on the degree of competition between intemational traders. nd fo 7. The text lists three reasons why economists and non-economists see the pros and cons...
Countries can use a variety of policies to restrict trade. Match the following examples to whether they refer to tariffs, quotas, or non-tariff barriers: A. Strict safety standards imposed by the country of slow down the import of refrigerators from most foreign countries B. The country of imposes a 10% duty on all imports of all alcoholic products C. A trade agreement allows 20% of the market for lumber, at most, to be provided by foreign competitors 1. Tariff 2....
3. Comparative advantage and gains from trade Consider two neighboring island countries called Arcadia and Felicidad. They each have 4 million labor hours available per week that they can use to produce jeans, corn, or a combination of both. The following table shows the amount of jeans or corn that can be produced using 1 hour of labor Jeans Corn Country Pairs per hour of labor) (Bushels per hour of labor) Arcadia Felicidad 12 24 8 32 Initially, suppose Arcadia...
In 2018, U.S. President Donald Trump argued that his country's trade agreements with other countries were bad for the United States and were unfairly benefiting America's trading partners. What does the theory of the gains from trade have to say about such arguments? In general, the basic theory of the gains from trade O A. suggests that free international trade leads increased consumption possibilities for all countries involved (as long as there are differences in opportunity costs). Free trade cannot...
3. Gains from trade Consider twee boring and countries Cated Arcadia and Dolorum. They each have minor hours w h y produce com, Jeans, or a combination of both. The following table shows the amount of com or Jeans that can be produced using 1 hour of abor Country Corn Bushels per hour of labor) (Pairs per hour of labor) Arcadia Dolorum Initially suppose Arcadia usei million hours of labor per week to produce comand o hours per week to...
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...
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...
Most questions answered within 3 hours.
-
Is voter turnout in Texas a problem? If so how can this issue be
addressed to...
asked 4 minutes ago -
Assume we have these two classes. Note that they are in
separate packages. If the code...
asked 16 minutes ago -
In 250 words, Which theory made the most sense to you in
explaining crimes in a...
asked 15 minutes ago -
An undiscovered planet, many light-years from Earth, has one
moon, which has a nearly circular periodic...
asked 16 minutes ago -
Design and implement a simple, interactive shell program that
prompt the user for a command, parser...
asked 27 minutes ago -
Describe some respiratory and cardiovascular adaptations
enabling dolphins to stay underwater for long periods of time....
asked 33 minutes ago -
In a Poisson distribution, μ=.30μ=.30. (Round your
answers to 4 decimal places.)
(a)
What is...
asked 36 minutes ago -
A company has $35 per
unit in variable costs and $1,200,000 per year in fixed costs....
asked 51 minutes ago -
Only need g and h answered. I put the other questions/answers in
case any of them...
asked 59 minutes ago -
How does international trade theory help to explain the
existence and benefits of regional trade agreements?...
asked 1 hour ago -
Match the social media strategy you will use to market Red
Wolves Pizzeria to the appropriate...
asked 54 minutes ago -
1. In 2018, Sony Corporation had net credit sales of $1,250,000.
On January 1, 2018, Allowance...
asked 54 minutes ago