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illustrate the circular flow of income of an open economy and explain the effects of various injections and withdrawal in the circular flow?
roles of international trade in economic growth of the country
define stolper samuelson theorem
Q. Discuss the main factors affecting the position of the DD schedule. Answer: The level of government taxes, demand, and investment and the domestic and foreign price
defination, types
What are the two main base of foreign trade ?
Critically evaluate the theory and outline the necessary assumptions for the theory to hold in it''s purest form
Q. Suppose the U.S. government (but not Europe) offers a $10 million subsidy? Answer: In this case Airbus would make a decision not to enter the market since it knows Boeing
Q. How could the U.S. government justify its decision to offer a subsidy to a profitable and successful business? Answer: It could indicate that this $10 million pump-priming
Q. The Brazilian firm is charging its foreign (U.S.) customers one half the price it is charging its domestic customers. Is this bad or good for the real income or economic welfa
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