What role does comparative advantage play in trade

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Reference no: EM1320203

Q1. The central bank new head decides to increase the response of interest rates to inflation. Elucidate how does this change in policy alter the response of the economy to a supply shock?

Q2. 1. Illustrate what role does comparative advantage play in trade among member nations?

2. Illustrate what is the effect on the standard of living among trading nations?

Q3. Offer some plausible explanation why over-raters (in a 360-degree feedback proces) are higher up in the organization

Q4. Elucidate how do you compute percentage increase in price?

Reference no: EM1320203

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