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1. is there any differences between the theory of multinational enterprises and conventional trade theory?
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- 1) What are the key differences between the theory of multinational enterprises and conventional trade theory?how do I draw a comparisn between Mercantilism as an economic system with Adam Smith’s invisible hand principles as regards international trade?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 industry
- Macmillan Learning The Power of Trade and Comparative Advantage: Work It Out 5 Here's another specialization and exchange problem. This problem is wholly made-up, so that you won't be able to use your intuition about the names of countries or the products to figure out the answer. Consider the following productivity table: Mandovia Ducennia Number of Hours to Make One Rotid Output of rotids for Mandovia: Total rotid output: 50 150 Number of Hours to Make One Tauron d. Now allow specialization. One billion hours of labor are available for making products in Mandovia, and 2 billion hours of labor are available for making products in Ducennia. If each country completely specializes in the product in which it holds the comparative advantage, what will the total output of rotids be? Of taurons? Is the total output of each product higher than before? million 100 million 200 Output of rotids for Ducennia: millionWhat are the arguments for and against free trade? How to evaluate these varguments?Define the term common trade alliance? When does it occur?
- 1. How a single nation that is engaged in trade of a particular product may be worse off, while the world as a whole benefits from that trade?1. What were the causes that led to the rise of the industrial economies and what were their link to imperialism and colonialism?What are the disadvantages and advantages of free trade?
- 6 Question 1: How China became the production center of the world? Explain using Comparative Advantage theory of trade.how do I explain comparative advantage in the Ricardian model of international trade as well as the gains from trade in that context?What is the difference between the unilateral andmultilateral approaches to achieving free trade?Give an example of each.