Which effect could not occur for participating countries

Assignment Help Business Economics
Reference no: EM13158859

Assume that the formation of a customs union turns out to include the lowest-cost world producer of the product in question. Which effect could not occur for the participating countries?

Trade creation-production effect

Scale economies and competition

Trade diversion

Trade creation-consumption effect

 

Reference no: EM13158859

Questions Cloud

How does the market arrive at an equilibrium : What determines market prices, assuming a competitive market and there are no artificial restrictions in the market? How does the market arrive at an equilibrium?
Calculate the heat of reaction, in kj, : 600.0 mL of 0.240 M perchloric acid, HClO4(aq) was added to a high quality constant-pressure calorimeter containing 400.0 mL of 0.300 M KOH(aq). Both solutions have a density of 1.000 g mL-1 and a specific heat of 4.184 J g-1°C-1.
Discuss the roles of mitosis and meiosis : Discuss the roles of mitosis and meiosis in animal and plant growth. How do these two processes differ from one another? Please provide a detailed answer.
Unequal distribution of wealth matter : Explain unequal distribution of wealth matter in terms of public policy and why does it matter. Analyze and take a position on unequal distribution of wealth and its influence on demographic changes
Which effect could not occur for participating countries : Assume that the formation of a customs union turns out to include the lowest-cost world producer of the product in question. Which effect could not occur for the participating countries?
Create a customer profile class. : a. Create a CustomerProfile class. Each CustomerProfile contains a last name, phone number, and bit fields indicating whether the customer:
What will be the volume of the gas sample : A gas sample has an original volume of 680 ml when collected at 720 mm and 28°C. What will be the volume of the gas sample if the pressure increases to 820 mm and the temperature increases to 55°C?
Several key parts required : Calculate the total price based on several key parts required to build a state-of-the-art gaming computer. The user will have the option of selecting different parts.
Calculate the breakeven value at the low price of the data : Calculate the breakeven value at the low price of the data item that you consider most likely to be unreliable.

Reviews

Write a Review

 

Business Economics Questions & Answers

  What would happen to producer and consumer surplus

What is a price ceiling and what effect does it have on the market? List and explain several positive and or negative consequences of this action. What would happen to producer and consumer surplus?

  Elucidate salary differential between black -white teachers

Assume there is a central city school district in which the student population is predominantly black. What will there be a salary differential between black and white teachers.

  Do you think this pattern of trade is consistent

Do you think this pattern of trade is consistent with the principle of comparative advantage?

  Consider a small country that exports steel

Consider a small country that exports steel. Assume that a "pro-trade" government deicdes to subsidize the export of steel by paying

  Explain how more will real output increase

If the price level remains constant by Explain how more will real output increase.

  Illustrate what are economic effects of price gouging statue

many supply shipments to retailers are interrupted during a natural disaster. Assuming that the law is strictly enforced, illustrate what are the economic effects of the price gouging statue.

  How us economy may be affected

The US government could not pass its annual budget. As a result, the US government has partially shut-down: roughly about 800000 federal employees of non-essential services are out of work

  How much economic profit does each firm in this market make

Find the total industry output and the number of firms in the market. How much economic profit does each firm in this market make?

  Illustrate what price should the firm charge if it wants

Illustrate what price should the firm charge if it wants to maximize its profits in the short run. What arguments can be made for charging a price higher than this price.

  Consumers and the government totaling

Wheat farmers will receive total revenues from consumers and the government totaling

  Importer usually face a foreign-exchange

Why does hedging usually take place with a forward contract.

  Military prison in the united states

Why is it being used to hold "illegal combatants" instead of a military prison in the United States

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd