Why trade liberalisation has the same effect on an economy

Assignment Help Macroeconomics
Reference no: EM13219342

If there are internal economies of scale, why would it ever make sense for a firm to produce the same good in more than one production facility? Explain why trade liberalisation has the same effect on an economy as an increase in the aggregate productivity of an economy (i.e. that the average output per worker increases).

Reference no: EM13219342

Questions Cloud

Explain biological anthropologists employ a unifying set : Biological anthropologists employ a unifying set of biological principles to discuss how our species came to be the way it is today. This set of principles is known as
How the problems can reduce gains from primary export trade : Critics argue that countries relying on primary exports will experience problems of fluctuating and declining terms of trade. Explain the theory and evidence behind these arguments, and how these problems can reduce the gains from primary export t..
Explain plants using a dichotomous key : Identifying plants is a great way to learn plant anatomy and learn about plants. There are many field guides that can help you identify plants, but one of the easiest ways to identify plants is to use a dichotomous key.
What must healthcare organizations do : What must healthcare organizations do to compete and survive in the context of increasing use of medical facilities and the increasing demand for quality services? Use examples of different types of organizations in your answer.
Why trade liberalisation has the same effect on an economy : If there are internal economies of scale, why would it ever make sense for a firm to produce the same good in more than one production facility Explain why trade liberalisation has the same effect on an economy as an increase.
Identify three strategies that may engender resistance : Identify three strategies that may engender resistance. How will you overcome resistance to transformational thinking in your professional environment?
Find the depreciation for the 35th year with an initial cost : where Dt= deprectiaon charge for year t. B = first cost or unadjusted basis and dt=depreciation rate for year t (in decimals). If I'm trying to find the depreciation for the 35th year with an initial cost of 385,000,000 what would Dt=
Discuss your point of view on affirmative action : In your own words, discuss your point of view on affirmative action. Do you believe it is fair or does affirmative action create further discrimination
What is the current macroeconomic situation in the us : What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.) What fiscal policies and monetary policies would be appropriate at this time

Reviews

Write a Review

Macroeconomics Questions & Answers

  Explain the interaction of households and government

Elucidate how the circular flow diagram also explain the interaction of households, government, and business.

  Borrowings and open market purchases

Recently, a troubled bank borrowed $800 million from the Federal Reserve. Describe the impact this event had on the monetary base.

  Example of supply and demand

Sunrise Surf Corporation is considering to create 35 surfboards in a month if it can sell each board for $400. If it can receive $700 for each board, the company is willing to create 75 surfboards.

  Illustrate what effect industry as a whole

Illustrate what effect do you think it had on learning by the industry as a whole. What factors might explain these patterns.

  Compute the international supply and global monopoly

Suppose we have a competitive market for a good with domestic demand and supply given by:

  Illustrate what were the percentage changes in nominal gdp

Illustrate what were the percentage changes in nominal GDP and real GDP for the most recent quarter? What accounts for the difference.

  Give differences in monopoly and perfectly competitive firm

Jeff Boynton,Consider the following graph:Based on the above graph, answer the following questions for a monopoly and a perfectly competitive firm. Discuss the differences you observe in above between the monopoly and perfectly competitive firm.

  Application of diminishing marginal return

Suppose you are running a photo copy center that makes illegal copies of the textbook. An illegal copy of the book sells for $10 and you only have one copy machine.

  Equilibrium level of income for two sector economy

What is the value of APC at income level Z, at income level RM 2000, what is the value of APC

  Calculate the economic profit in case of monopoly

During recent years, MicroChips Corporation has enjoyed substantial economic profits derived from patents covering a wide rang of inventions and innovations for microprocessors

  Explain how could government make a choice

Explain how could government make a choice among two health effects.

  Do you necessarily want the gray market to cease to exist

A small-volume foreign auto maker limits the number of its franchised dealers in the United States and gives them exclusive territories. There are also non-dealers who have no official connection with the manufacturer.

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