Homework Answers
As when we compare the infant industry with the globally developed industry their scale of production is lesser and technology used is not that much advance that is used by the globally developed firms. So, considering these infant industries are at a disadvantage. So, it is necessary for the domestic country to protect the infant industry from the big globally developed frims by imposing tarrifs and quotas it will help in developing invocation and entrepreneurship skills among the citizens of the home country.
Therefore, it is justified to protect infants' industries by imposing tariffs or quota.
Please hit thumbs up, if you like the solution.
Add Answer to:
its an international economics class
please answer clearly
12. If infant industry protection is justified, is...
International Economics: Short Answer. Please be kind enough to answer all parts of the question. Partial answers will b...
International Economics: Short Answer. Please be kind enough to
answer all parts of the question. Partial answers will be
downvoted.
Point values are in parentheses. II Short Answers. Assume the Use the information below to answer question 1. 1. Ricardian model Each part is worth 2 points Marginal Product of Labor Cheese Wine 2 3 Home Draw the production possibilities frontier, with wine on the Assume that the a. horizontal axis and cheese on the vertical axis. home country labor...
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...
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...
Please solve the final answer for all following 10 multiple choice questions A form of PTA...
Please solve the final answer for all following 10 multiple choice questions A form of PTA (Preferential Trade agreement) where member countries remove trade barriers among themselves, and form common barriers among non-members: O Free Trade Area (FTA) O Customs Union (CU) O Common Market (XM) O Economic Union (EU) O All of the above The exchange rate of Euro to US dollar (/$) yesterday was 1/$1.13728. Last week the rate was 1/ $1.37258. Which one is true comparing this...
Please analyse the case study and answer 2 following questions. Thanks! a) Explain why Myanmar should/should...
Please analyse the case study and answer 2 following questions. Thanks! a) Explain why Myanmar should/should not use protectionist policies b) Present a country that also has applied IIP in the past to evaluate its costs and benefits Myanmar is working hard to make the difficult economic transition from its current status as a Least Developed Country to its once-held spot as one of the most developed Asian economies. Urged on by many international and domestic experts, sweeping liberalisation reforms...
please only do problem d e and f thanks! 1) The United States sugar industry has enjoyed trade protection for several y...
please only do problem d e and f
thanks!
1) The United States sugar industry has enjoyed trade protection for several years. As a result, sugar prices in the U.S. are higher than the average world price. Suppose that the domestic demand and domestic supply for sugar are as provided in the table below (assume continuous, linear domestic demand and supply curves which include the following data points for sugar): | Price ($ per Quantity Demanded Domestically Quantity Supplied Domestically...
Please help with this economics problem! Thanks in advance! 6. Answer true or false to the...
Please help with this economics problem! Thanks in advance!
6. Answer true or false to the following statement: a) Using the consumer price index or the GDP-deflator to calculate changes in the average price level should produce identical inflation rates. b) If nominal GDP in Germany increased by 2.8% last year, but Canadian GDP increased by 4.2%, we can conclude that the welfare of Canadian citizens increased by more than that of German citizens. c) A country that spends more...
1) The United States sugar industry has enjoyed trade protection for several years. As a result,...
1) The United States sugar industry has enjoyed trade protection for several years. As a result, sugar prices in the U.S. are higher than the average world price. Suppose that the domestic demand and domestic supply for sugar are as provided in the table below (assume continuous, linear domestic demand and supply curves which include the following data points for sugar): | Price ($ per Quantity Demanded Domestically Quantity Supplied Domestically pound) (Millions of Pounds per Year) (Millions of Pounds...
7 to 12 answers I need please this is MCQ )Assume that only two countries, A...
7 to 12 answers I need please this is MCQ
)Assume that only two countries, A and B, exist Consider the following data Factor Endowments 45 15 Labor 10 Cepited Stck If good S is capital intensive, then following the Heckscher-Ohlin Theory A) country A will export good S. B) country B will export good S C) both countries will export good S D) trade will not occur between these two countries. E) Insufficient information is given. 8) Continuing from...
Please read the following and answer the question in bold. Thanks! answer questions in the format...
Please read the following and answer the question in bold. Thanks! answer questions in the format in which its being asked. Advertising for international companies involves being aware of cultural differences. Use Wendy's Restaurant to identify advertising that is used in more than one country for similar, or the same, product or service. Examine the components of the advertisement, and then explain how and why it is likely to have been changed to reflect the local conditions. Next, imagine that...
International Economics: Short Answer. Please be kind enough to
answer all parts of the question. Partial answers will be
downvoted.
Point values are in parentheses. II Short Answers. Assume the Use the information below to answer question 1. 1. Ricardian model Each part is worth 2 points Marginal Product of Labor Cheese Wine 2 3 Home Draw the production possibilities frontier, with wine on the Assume that the a. horizontal axis and cheese on the vertical axis. home country labor...
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...
please only do problem d e and f
thanks!
1) The United States sugar industry has enjoyed trade protection for several years. As a result, sugar prices in the U.S. are higher than the average world price. Suppose that the domestic demand and domestic supply for sugar are as provided in the table below (assume continuous, linear domestic demand and supply curves which include the following data points for sugar): | Price ($ per Quantity Demanded Domestically Quantity Supplied Domestically...
Please help with this economics problem! Thanks in advance!
6. Answer true or false to the following statement: a) Using the consumer price index or the GDP-deflator to calculate changes in the average price level should produce identical inflation rates. b) If nominal GDP in Germany increased by 2.8% last year, but Canadian GDP increased by 4.2%, we can conclude that the welfare of Canadian citizens increased by more than that of German citizens. c) A country that spends more...
1) The United States sugar industry has enjoyed trade protection for several years. As a result, sugar prices in the U.S. are higher than the average world price. Suppose that the domestic demand and domestic supply for sugar are as provided in the table below (assume continuous, linear domestic demand and supply curves which include the following data points for sugar): | Price ($ per Quantity Demanded Domestically Quantity Supplied Domestically pound) (Millions of Pounds per Year) (Millions of Pounds...
7 to 12 answers I need please this is MCQ
)Assume that only two countries, A and B, exist Consider the following data Factor Endowments 45 15 Labor 10 Cepited Stck If good S is capital intensive, then following the Heckscher-Ohlin Theory A) country A will export good S. B) country B will export good S C) both countries will export good S D) trade will not occur between these two countries. E) Insufficient information is given. 8) Continuing from...
Most questions answered within 3 hours.
-
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 1 hour ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 1 hour ago -
implement a program that reads a number of rows and a symbol.
The program will draw...
asked 1 hour ago -
Assume that when adults with smartphones are randomly selected,
45% use them in meetings or classes....
asked 1 hour ago -
Determine the number of formula units of
Na2SO4 and moles of oxygen contained in 8.11
moles...
asked 1 hour ago -
Explain in steps on the following code
What would be the output when executed
using System;...
asked 1 hour ago -
Given the information in the table, which of the following
statements is CORRECT?
Stock A
Stock...
asked 1 hour ago -
Write MARIE assembly language programs that do the following:
Write a program that inputs an integer...
asked 1 hour ago -
Explain an understanding of services and protocols.
Explain the job of DNS.
Explain the three email...
asked 1 hour ago -
(As soon as possible) Balance each of the following equations
according to the half-reaction method:
H2O2(aq)...
asked 2 hours ago -
A thin rod with a mass of 3.5kg and a length L=1.5 m is oriented
horizontally....
asked 2 hours ago -
Inheritance pattern in BRCA 1
Describe the inheritance pattern of BRCA 1 Is it recessive or...
asked 2 hours ago