True or False? Explain your answer. In the presence of dynamic increasing returns, a country can...
True or False? Explain your answer.
- In the presence of dynamic increasing returns, a country can be potentially better-off by closing its borders to international trade.
- According to Standard Trade model, imposing a tariff will always make a country better off.
Homework Answers
False
The dynamic increasing returns to scale referred to as when cost falls with the cumulative rate production than the current rate of production — the dynamic returns to scale sometimes referred to as the accumulation of knowledge. The firm learn from intermediate imported input from learning and experiences.
False
The tariff is the rate of tax of import and export. The tariff reduces the countries welfare especially the welfare of the imposing nation.
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True or False? Explain your answer.
In the presence of dynamic increasing returns, a country can...
3. True or False. Please tell whether each of the following statements is true or false...
3. True or False. Please tell whether each of the following statements is true or false and justify your answer in a few sentences. (a) “Free trade is always good and governments should not manage trade.” (b) “Vertical FDI and trade are substitutes, while horizontal FDI and trade are complements.” (c) An import quota cannot make a country better off. (d) Increasing returns to scale will lead to monopolies in world trade and therefore consumers will lose from trade.
INTERNATIONAL ECONOMICS 2. If a country has market power in trade, then effectively it can set as high a tariff as it p...
INTERNATIONAL ECONOMICS 2. If a country has market power in trade, then effectively it can set as high a tariff as it please and will always be better off. With reference to theory covered in the course, evaluate this statement.
True or False? Explain your answer. 1. If a Chinese business buys a Tesla car, this...
True or False? Explain your answer. 1. If a Chinese business buys a Tesla car, this would be an example of foreign direct investment inflow for the US. 2. In the presence of external economies of scale, trade will unambiguously improve welfare in the exporting country and worsen welfare in the importing country.
Part I: True or False. If false, briefly explain your answer (2 points each). Answer all...
Part I: True or False. If false, briefly explain your answer (2 points each). Answer all five. 1. An intra industry trade index of 1 indicates that very little intra industry trade is taking place. 2. External economies of scale occurs when a firm's average costs fall as the total industry output rises Foreign Direct Investment includes the hiring of workers in foreign countries as well as purchase of equipment and software. Quotas are generally preferred to tariffs because they...
True or false. Your answer to each question should not extend beyond 3 to 5 sentences...
True or false. Your answer to each question should not extend beyond 3 to 5 sentences (i.e., short succinct answers are preferred). a. A firm’s marginal rate of technical substitution captures the firm’s willingness to trade capital for labour, but not the degree to which capital and labour are substitutes in supply. True or false? Explain your position. b. A consumer in an exchange economy will always be better off at an allocation which is Pareto efficient than at an...
state whether the proposition is true or false and explain the logic of your answer. In...
state whether the proposition is true or false and explain the logic of your answer. In terms of economic welfare in the importing country, the least-costly barrier to imports is a tariff, a worse policy is a quota, and an even worse policy is a voluntary export restraint (VER).
I'm not sure about my answer please check and let me know ASAP 13) 4 important...
I'm not sure about my answer please check and let me
know ASAP
13) 4 important difference between tarifls and quotas is that tariffs 1A) raise the price of the good B) generate tax revenue for the government C) help domestic producers D) stimulate international trade E) None of the above. 14) The main redistribution effect of a tariff is the transfer of income from 14) A) domestic buyers to domestic producers. B) domestic producers to domestic government. C) domestic...
2. 10 pts True or False, In the specific factors model, when a country opens up...
2. 10 pts True or False, In the specific factors model, when a country opens up to trade, everyone in the economy unambiguously wins. Explain your answer.
True or False: explain your answer the nominal tariff on a commodity is higher than the...
True or False: explain your answer the nominal tariff on a commodity is higher than the nominal tariff on the imported input used in the production of the commodity, then the rate of effective protection is higher on the commodity than on the input.
Problem I. True or False. Please support your answers with proper reasoning, mathematical arguments, or graphs....
Problem I. True or False. Please support your answers with proper reasoning, mathematical arguments, or graphs. (15 points, 3 points each) 1. Growth in labor and capital as inputs of production in a small country lead to respectively ambiguous and positive welfare effects for the average person of a country. 2. FDI in a small, open, labor-scarce country has an ultra-protrade production effect. 3. According to Rybczynski theorem, factor growth results in either an ultra-protrade or ultra-antitrade production effect. 4....
Part I: True or False. If false, briefly explain your answer (2 points each). Answer all five. 1. An intra industry trade index of 1 indicates that very little intra industry trade is taking place. 2. External economies of scale occurs when a firm's average costs fall as the total industry output rises Foreign Direct Investment includes the hiring of workers in foreign countries as well as purchase of equipment and software. Quotas are generally preferred to tariffs because they...
I'm not sure about my answer please check and let me
know ASAP
13) 4 important difference between tarifls and quotas is that tariffs 1A) raise the price of the good B) generate tax revenue for the government C) help domestic producers D) stimulate international trade E) None of the above. 14) The main redistribution effect of a tariff is the transfer of income from 14) A) domestic buyers to domestic producers. B) domestic producers to domestic government. C) domestic...
2. 10 pts True or False, In the specific factors model, when a country opens up to trade, everyone in the economy unambiguously wins. Explain your answer.
Problem I. True or False. Please support your answers with proper reasoning, mathematical arguments, or graphs. (15 points, 3 points each) 1. Growth in labor and capital as inputs of production in a small country lead to respectively ambiguous and positive welfare effects for the average person of a country. 2. FDI in a small, open, labor-scarce country has an ultra-protrade production effect. 3. According to Rybczynski theorem, factor growth results in either an ultra-protrade or ultra-antitrade production effect. 4....
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