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Describe the increasing returns to scale as a basis for international trade. Be sure that you discuss the relevant concepts, explain important features of such trade, and contrast these features with those of trade due to other causes.
Discuss similarities between the principle of comparative advantage and absolute advantage? Are there any differences between two principles?
One type of toy bears is in China and exported to the United State A toy bear sells for sixteen Yen in China. The exchange rate of Chinese yen and US dollars is $1 = 8 Yen.
Suppose the following data, and answer the question below. China and England are international trade partners. The following information are expected payoffs for the two countries.
Argyle is a huge, vertically integrated company that produces sweaters from a rare type of wool manufactured on its sheep farms. Argyle has adopted a approach of selling wool to firms that compete against it in the market for sweaters.
The customer price index is a fixed weight index. It compares the price of fixed bundle of goods in 1-year with the value of the same bundle of goods in some base year.
A FX dealer in London normally quotes spot, 1M, 3M and 6M forward. When you ask over the phone for current quotes for YEN or USD you hear "111.43 to 51, 52 to 48, 150 to 144, 337 to 205"
Discuss and explain the key features of an oligopolistic industry. Illustrate your answer with reference to an industry of your selection.
Adele Corporation is planning the replacement of some electric generating equipment by a more efficient, technologically advanced model.
Suppose two open economies A and B. In this economy only one good is manufactured for time t = 0 and price P(0,A)=1 Dollar and P(0,B) = 1,5 Euro.
The US was founded on ideals of justice and equality. The Declaration of Independence proclaimed that all men are developed equal, yet individuals such as African Americans and women were not afforded this equality.
The job losses to foreign nations have not been limited to low skilled rankings. And that may not necessarily be a real concern in long run.
Economists generally use Porter's 5-forces framework when making a qualitative evaluation of a company's strategic position. According to Porter, his model should be used at industry level,
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