Suppose in the absence of trade, there are 10 firms in the United States producing cars at an average cost of $20,000 and annual sales of one million cars and in Japan there are 12 firms producing cars at an average cost of $19,000 and annual sales of 1.8 million cars. Now, allow trade between the two countries. What will happen to the number of the firms in the new integrated car market? Will it be greater or less than the total combined numbers of firms (22) before trade? Why? b. What will happen to the average cost of cars in each country? Will it be greater or less than the average cost before trade? Why? c. What is the basis for trade? d. Are there any gains from trade?

Which of the following is true about BRIC countries: a. There is low prospects of growth O b. To attain raw materials you will outsource to Bangladesh O c. There is low investment O d. There are high growth rates which may not be seen in North America Google is pursuing a global brand web strategy and must be mindful of the cultural and language differences across countries. Select one: O True O False occurs when a company exports to a foreign market at a price that is either lower than the domestic prices in that country or less than the cost of production.

May and Raj me the only two growers who provide organically grown corn to a local grocery store. They know that if they cooperated and produced less corn, they could raise the price of the com. If they work independently, they will each earn 100. If they decide to work together and both lower their output, they call each earn 150. If one person lowers output and the other does not, the person who lowers output will earn $1 and the other person will capture the entire market and will earn 200. Table 10.6 represents the choices available to Mary and Raj. What is the best choice for Raj if he is sole that Mary will cooperate? If Mary thinks Raj will cheat, what should Mary do and why? What is the prisoners dilemma result? What is the preferred choice if they could ensure cooperation? A = Work independently; B = Cooperate and Lower Output. (Each results entry lists Rajs earnings first, and Marys earnings second.)

a. f You work for the U.S. president and are tasked with understanding the effect of population aging in China on trade between China and the U.S. You are told that you can assume that China and the U.S. trade a continuum of goods produced with only labor in both countries. Markets are perfectly competitive and the unit labor requirements differ across goods and countries. Use a suitable diagram to illustrate the effect of a decline in labor L in China on a) the set of goods made in China; b) the relative (nominal) wage in the two countries. Explain the intuition behind your findings.

llery Two countries namely the United States and the United Kingdom can produce both wheat and whiskey. Their production possibility frontiers are shown below. Based on this one can say that Wheat (millions of bushels) United States 1500 1000 Whiskey (millions of bottles) Wheat (millions of bushels) 100 United Kingdom 500 Whiskey (millions of bottles) nt ire O Both countries would gain if the United States produced both wheat and whiskey, and United Kingdom produced only whiskey and they traded. O Both countries will get the most desired outcome if each produced both wheat and whiskey, and they traded in both wheat and whiskey. O Both countries would gain if United States produced only whiskey and United Kingdom produced both wheat and whiskey and they traded. O Both countries would gain if the United States specialized in producing wheat, and United Kingdom produced only whiskey and they traded. O United States has an absolute advantage in producing both wheat and whiskey, and thus…

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Suppose there is a policy debate regarding the United States' imposing trade restrictions on imported tires. Read the following scenario and answer the question that follows. The president of the United States argues that the United States should threaten to impose a tariff on Chinese tires in order to induce the Chinese to remove its tariff on American cars. Which of the following justifications is the president using to argue for the trade restriction on tires? O Jobs argument O Unfair-competition argument O National-security argument O Using-protection-as-a-bargaining-chip argument O Infant-industry argument

Analyze and explain when a firm should consider expanding from strictly domestic trade to international trade. What should it consider when becoming further involved in international trade?

Labor unions and businesses in the heavy equipment industry have asked the U.S. Congress to place a tax on imported equipment in order to make it more expensive. They hope that this will allow U.S. producers to be more competitive. The U.S. heavy equipment industry appears to be seeking a(n): 1 CAVAB li Nacəf Telman revenue tariff. 03 Maliyya protective tariff. injunction. import licensing.. 01 40/2 nontariff barrier. rup Активация Windows Əvvalki Növbəti Bütün suallar Qeyd olunanlar Cari Vəziyyət 82 F Sunny C 4) AZE 15:30 18.06.202 TOSHIBA