AntiochAlexan drettaGursGuns30202040ButterButterIf Antioch and Alexdretta were to trade, what would be the range of "prices'" for butter that are possible?3/2 > p> 1/22/3 > p > 1/22/3 > p> 1/22 > p> 3/2

A country/person has Comparative advantage when the opportunity cost (OC) of producing a good or…

Answered: Antioch Alexan dretta Gurs Guns 30 20…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
When NAFTA was being debated in the U.S. Congress, Representative Jerry Lewis of California said: “Bill Johnson owns the largest Caterpillar distributorship in the West. There is currently a 20% tariff on his products sold in Mexico. Caterpillar has a 50 percent share of the Mexican market. The other half is dominated by Komatsu Company of Japan. Bill says, 'Imagine what will happen when the 20 percent tariff comes off our tractors and it remains on the ones from Japan.' Under what circumstances will this effect of NAFTA be beneficial, and when will it be harmful, to (i) the U.S., (ii) Mexico, and (iii) Japan?
Useboth General Equilibrium and Partial Equilibrium analyses toexplain the effects of a tariff in a small country case taking intoconsideration the seven effects of tariff. Also, illustrate youranswer graphically.
3
The Covid-19 is a highly contagious disease. Although there are vaccines for Covid-19, the vaccination is not free and there are side effects of the vaccine, making it less suitable especially for senior citizens. The government encourages people to go for vaccination against Covid-19 but make it optional. Discusswith a suitable market diagram whether the vaccination market is efficient. Will the vaccination market be efficient if the government makes it compulsory for all people to take the vaccine? Explain with a suitable diagram.
Two countries decide to engage in specialization and exchange. For both countries to benefit from trade it must be the case that: O both have increasing opportunity costs of production. O both have constant opportunity costs of production. O they have different opportunity costs of production.
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
What is trade theory .Explain with two graphical examples.
(dollars/16) 8=Ps 5-P₁ 4 = P₁₂ 0.1= Pat a b 9 U.S. beef market h Q₁ 113 Q₂ G₂ 120 125 (dollars/16) Q (thousand tons) 10-P₂ 7=P₂ 5-R 2-P k 2 0 P Japan beef market S /min Que Q5 74 76 r (26 86 (thousand tons Refer to the above partial equilibrium model of trade (large country case). Assume the world price is $5 when reaching free-trade equilibrium. When Japan freely trades with U.S., what is their import amount? (Answer format: only a number is needed, please don't type in anything else.)
6
discusse the problem of the rise of the price of the petrol during the war betwen russia and ukraine details
The article refers to TikTok being banned in India. What types of polices do governments use to restrict trade?

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Antioch Alexan dretta Gurs Guns 30 20 20 40 Butter Butter If Antioch and Alexdretta were to trade, what would be the range of "prices'" for butter that are possible? 3/2 > p> 1/2 2/3 > p > 1/2 2/3 > p> 1/2 2 > p> 3/2