Homework Answers
Option B
- Intra industry trade is a trade practice in which a country exports and imports same goods and services to another country.
- Here in the above question, India is exporting and importing textiles only.hence it is engaged in an Intra trade practice.
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The simultaneous export and import of textiles by India is an example of O A. interindustry...
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...
International trade 37 The learning curve describes the A) direct; unit cost; cumulative output B) inverse; educatio...
International trade
37 The learning curve describes the A) direct; unit cost; cumulative output B) inverse; education; annual income C) inverse; unit cost; cumulative output D) direct; education; annual income E) direct; education; labor productivity and . relationship between 38 The simultan eous export and import of widgets by the United States is an example of A) intra-industry trade. B) increasing returns to scale. C) imperfect competition. D) inter-industry trade. E) the effect of a monopoly on international trade.
7. Assume, for Vietnam, that the domestic price of textiles without international trade is lower than...
7. Assume, for Vietnam, that the domestic price of textiles without international trade is lower than the world price of textiles. This suggests that in the production of textiles, a. Vietnam has a comparative advantage over other countries and Vietnam will import textiles. b. Vietnam has a comparative advantage over other countries and Vietnam will export textiles. c. other countries have a comparative advantage over Vietnam and Vietnam will import textiles d. other countries have a comparative advantage over Vietnam...
I. Suppose in Dreamland import elasticity εM = 0.5 and export elasticity εX = 1.2. Currently,...
I. Suppose in Dreamland import elasticity εM = 0.5 and export elasticity εX = 1.2. Currently, Export = 400 & Import = 500. a. To restore trade balance is devaluation effective? Explain! b. To restore the trade balance, government of Dreamland devaluated its currency by 5%. What would be the new trade balance after devaluation? c. How much devaluation is needed to restore the trade balance?
Blank #1: inward-oriented or outward oriented? Blank #2: Export substitution or import substitution? Select all that app...
Blank #1: inward-oriented or
outward oriented?
Blank #2: Export substitution or import
substitution?
Select all that apply
1. International trade and development Aa Aa E After World War II, the Argentine government actively supported domestic production of textiles, leather, and home appliances for domestic use. This is an example of an development strategy, the objective of which is What are common criticisms of this kind of policy? Check all that apply. If the economy specializes in producing primary products, it...
IV.Questions (36%) 1. Explain the main idea of H-O theorem. (6%) 2. What is increasing returns...
IV.Questions (36%) 1. Explain the main idea of H-O theorem. (6%) 2. What is increasing returns to scale? Draw a graph to explain the trade based on increasing returns to scale (10%) 3. Draw a graph to explain the effect of import quota (8%) 4. The production possibility frontiers of nation 1 shown in Fig. nation 1 is labor abundant and export X . P4 is the equilibrium price of autarky in nation 1, Pw and P are the world...
please answer it ASAP IV.Questions (36%) 1. Explain the main idea of H-O theorem. (6%) 2....
please answer it ASAP
IV.Questions (36%) 1. Explain the main idea of H-O theorem. (6%) 2. What is increasing returns to scale? Draw a graph to explain the trade based on increasing returns to scale (10%) 3. Draw a graph to explain the effect of import quota (8%) 4. The production possibility frontiers of nation 1 shown in Fig. nation 1 is labor abundant and export X. PAis the equilibrium price of autarky in nation 1, Pw and Pa are...
Tariff Home and foreign Import export D=90 -20P. D"=60 - 30P S=10 - 2
Tariff Home and foreign Import export D=90 -20P. D"=60 - 30P S=10 - 20P S"=30 - 30P a). Price in home and foreign without international trade b) price when international trade occurs Amounts of international trade c) home imposes tariff (specific tariff) 0.5 on imported goods identify international price, internal price in home with tariff and amount of information trade
1) Specific tariffs are a) import taxes stated in specific legal statutes b) import taxes calculated...
1) Specific tariffs are a) import taxes stated in specific legal statutes b) import taxes calculated as a fixed charge for each unit of imported goods c) import taxes calculated as a fraction of the value of the imported goods d) import taxes calculated based on the origin country 2) Ad valorem tariffs are a) import taxes stated in advertisements in industry publications b) import taxes calculated as a fixed charge for each unit of imported goods c) import taxes...
O They allow companies to achieve economies of scale. D Question 11 1 pts Which of...
O They allow companies to achieve economies of scale. D Question 11 1 pts Which of the following is a false statement? O A developing nation can gain from international trade because it subjects its producers to greater competition. A developing nation will lose in international trade because it subjects its producers to greater competition. O A developing nation can gain from international trade because it can take advantage of increasing returns to scale due to being able to produce...
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...
International trade
37 The learning curve describes the A) direct; unit cost; cumulative output B) inverse; education; annual income C) inverse; unit cost; cumulative output D) direct; education; annual income E) direct; education; labor productivity and . relationship between 38 The simultan eous export and import of widgets by the United States is an example of A) intra-industry trade. B) increasing returns to scale. C) imperfect competition. D) inter-industry trade. E) the effect of a monopoly on international trade.
7. Assume, for Vietnam, that the domestic price of textiles without international trade is lower than the world price of textiles. This suggests that in the production of textiles, a. Vietnam has a comparative advantage over other countries and Vietnam will import textiles. b. Vietnam has a comparative advantage over other countries and Vietnam will export textiles. c. other countries have a comparative advantage over Vietnam and Vietnam will import textiles d. other countries have a comparative advantage over Vietnam...
Blank #1: inward-oriented or
outward oriented?
Blank #2: Export substitution or import
substitution?
Select all that apply
1. International trade and development Aa Aa E After World War II, the Argentine government actively supported domestic production of textiles, leather, and home appliances for domestic use. This is an example of an development strategy, the objective of which is What are common criticisms of this kind of policy? Check all that apply. If the economy specializes in producing primary products, it...
IV.Questions (36%) 1. Explain the main idea of H-O theorem. (6%) 2. What is increasing returns to scale? Draw a graph to explain the trade based on increasing returns to scale (10%) 3. Draw a graph to explain the effect of import quota (8%) 4. The production possibility frontiers of nation 1 shown in Fig. nation 1 is labor abundant and export X . P4 is the equilibrium price of autarky in nation 1, Pw and P are the world...
please answer it ASAP
IV.Questions (36%) 1. Explain the main idea of H-O theorem. (6%) 2. What is increasing returns to scale? Draw a graph to explain the trade based on increasing returns to scale (10%) 3. Draw a graph to explain the effect of import quota (8%) 4. The production possibility frontiers of nation 1 shown in Fig. nation 1 is labor abundant and export X. PAis the equilibrium price of autarky in nation 1, Pw and Pa are...
O They allow companies to achieve economies of scale. D Question 11 1 pts Which of the following is a false statement? O A developing nation can gain from international trade because it subjects its producers to greater competition. A developing nation will lose in international trade because it subjects its producers to greater competition. O A developing nation can gain from international trade because it can take advantage of increasing returns to scale due to being able to produce...
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