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- Why do low-income countries like Brazil, Egypt, or Vietnam have lower environmental standards than high-income countries like the Germany, Japan, or the United States?suppose you ar etrying to determine the aftereffects of hurricane Katrina on the economy of Louisiana. Which assumptions could be made to simplify the study? Note that not all statements may be placed. 1. consider the effects on all of Louisiana's interstate trade partnters 2. focus on just the crawfish-and catfish-farming industries in Louisiana 3. determin the effects while holding the infrastructure and factors of production constant 4. track the total net worth of the output produced by the state prior to the hurrican and after the hurricane 5. compare the change in prices for all goodsBased on your understanding, explain the importance of fiinance on the national and global economy.
- 1.How do international economic relations differ from interregional economic relations?(b) In what way are they similar?2.How can we deduce that nations benefit from voluntarily engaging in international trade?3. Can you think of some ways by which a nationcan gain at the expense of other nations from traderestrictions? 4.Answer the following questions with reference toProblem 5.(a) What is the dollar price of wheat and cloth inthe United Kingdom if the exchange rate betweenthe pound and the dollar is £1 = $2? Would theUnited States be able to export wheat to the UnitedKingdom at this exchange rate? Would the UnitedKingdom be able to export cloth to the UnitedStates at this exchange rate?(b) What if the exchange rate between the dollarand the pound were £1 = $4?(c) What if the exchange rate were £1 = $1?(d) What is the range of exchange rates thatwill allow the United States to export wheat tothe United Kingdom and the United Kingdom toexport cloth to the United States. 5.(a)…The global economic flows and global flow of migrants have nothing to do with the effects of global environmental flows. O TRUE FALSEscenario Production Advantage and Opportunity CostsAssume there are two countries, the United States and France, and two goods, automobiles andcomputers.The table presented below shows the number of automobiles and computers that the United States andFrance can produce with the same amount of resources.United States FranceAutomobiles 120 100Computers 60 55Source: Pearson Education Inc. 1.1 Which country has an absolute advantage in computer production? Motivate your answer.1.2 Which country has a comparative advantage in the production of automobiles? Motivateyour answer. 1.3 Assume these countries trade with one another under the conditions of free trade. Whichcountry will specialise in the production of automobiles? Motivate your answer. 1.4 If free trade exists between the United States and France, what are the highest and lowestlevels for the price of an automobile (expressed in terms of computers)? Motivate youranswer by stating which level favours the United States and France.
- Consider the following Ricardian model with 2 countries and 2 goods. The table below provides information on the size of countries' labor force and their productivity in producing each good. India China 350 60 Labor Supply workers workers Juice 3 workers 7 workers Тea 2 workers 5 workers What country has absolute advantage in producing juice? Why? What country has comparative advantage in producing juice? Why? Edit View Insert Format Tools Table 12pt v Paragraph v B I U Av 2 ...How can governments identify good candidates for infant industry protection? Can you suggest some key characteristics of good candidates? Why are Industries like computers not good candidates for infant industry protection?What are some examples of innovative products that have disrupted their industries for the better?
- Question 6: Controversies in Trade PolicyAfter the Seattle 1999 World Trade Organization Ministerial Conference fiasco, in thenext 2 years, large anti-globalization demonstrations rocked the InternationalMonetary Fund and Work Bank in Washington. What was the anti-globalizationmovement goal- and was it right? Explain you answer and where appropriate usefigures.ELEKTRON IMTAHAN SISTEI - an 2 : 00:38:41 O imtahan vaxti Fann: Biznesin əsasları QEYD ET e SUAL 13 40 A key to economic development is to: O CAVAB Kərimli Nacəf Telman allow government planning to guide the allocation of resources. follow the path of complete protectionism. 050408Maiya provide people with better education. locate more deposits of gold and other precious metals. 18 S9403 /2 emphasize a fair and equitable distribution of income. Əvvalki > Növbati Bütün suallar & Qeyd olunanlar Cari Vəziyyət 82'F Sunny A a 40) AZE 15:11 18.06.2021 TOSHIBA O OOOOa. Explain how competitive advantage play a role as one of the globalization driver ?