The theory that reflects thempact of technology accumulationnd diffusion on international trade.specially on the structure of importnd export commodities is( ) A.Rybczynski Theorem B.The Factor Price Equalization Theorem c.The Stolper-Samuelson Theorem D.Product Life Cycle Theory
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The theory that reflects thempact of technology accumulationnd diffusion on international trade.specially on the structure of importnd export commodities is( )
A.Rybczynski Theorem
B.The Factor
c.The Stolper-Samuelson Theorem
D.Product Life Cycle Theory
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- Which statement is TRUE? A. Outsourcing is another word for off-shoring. B. The invention of containerization revolutionized trade by lowering shipping costs. C. In the country as a whole, by following comparative advantage, the losses tend to outweigh the gains. D. The Smoot-Hawley Tariff Act is the hallmark of globalization.a. In the country of Estanbalu, there are plans to cease international trade. You are assigned asan economist to present to the Minister, the possible gains of engaging in free trade usingdiagrams where possible. b. Clearly explain and illustrate the gains from exchange and specialization. Answer only question b4. Based on the theory of overlapping demand, it can be argued that trade in industrial products is insignificant for countries with dissimilar:a. Levels of personal incomeb. Technologiesc. Preferences and tastesd. Marginal Products
- Need a self explanatory summary on the impacts of immigrants on international trade on high tech Industries. Specify a country and explain how the immigrants have impacted the mentioned country's national & international trade.Q31 Economies of scale and product differentiation can provide an explanation for... a. Absolute advantage. b. The imposition of trade barriers. c. Intra-industry trade. d. Countries trading in completely different products. e. Countries remaining in autarky.6 Consider two countries Home and Partner trading industry goods. Partner’s supply curve can be represented as follows: XSP=P-1 Home’s import demand for industry goods is given by: MD=10-P The rest of the world is represented by the following supply of industry goods. XSRoW=P-1 a) Derive and graph Home’s import supply curve and find the equilibrium price under free trade. Quantify the amount of goods exported and imported. b) Assume that Home imposes a MFN-tariff of 1 on all industry imports. Find the new equilibrium and quantify the domestic price, border prices and quantities exported and imported. c) What happens if Home removes the tariff for imports from Partner but not from the rest of the world. Find the new equilibrium and quantify domestic price, border prices and quantities exported and imported.
- Trade brings advantages to society because through trade O specialization can occur. output is aligned to reflect society's preferences. Oeconomies of scale are avoided. M mHistorical evidence suggests that, when technology matures and industrial production moves to countries with lower costs, products which in the past were exported will start being imported.The theory that foresaw this trade reversal goes under the name of:a. Factor endowment reversalb. Theory of overlapping demandc. Theory of product life cycled. Theory of dynamic comparative advantagee. None of the aboveThe measure of the US's garment intra-industry trade with the rest of the world is 0.2. This implies that the garment trade of the US is mostly based on... ag tion • a. Monopolistic Competition • b. Comparative advantage • c. Internal Increasing Returns to Scale • d. External Increasing Returns to Scale
- 10. major features of the linder theory of trade are that it focuses on _______ patterns in countries and also introduces, in contrast to traditional trade theories, the general concept of _______ trade a. demand; intra-industry b. demand; inter industry c. supply; intra industry d. supply; inter industryAn increase in competition through the opening up of trade between countries should lead to O Industry re-sectoring O Decreased exports for firms with relatively low production costs O An increase in prices Decreased specialisation OA decrease in the size of firmsSuppose country A and B have a labour force of 1 and produce hops and barley using only labour. Country A's unit labour cost are 0.5 for hops and 0.5 for barley, country B's 0.2 for hops and 0.4 for barley. Suppose that both are needed to brew beer in equal quantitiy, so that both national and international demand has the property that equal amounts of barley and hops are demanded. How much more beer (as a percentage) will be brewed under international trade than in autarky? Please enter the percentage rounded to a whole number (up or down is both acceptable) without the percentage sign.