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(a) Consider there are two countries (country 1 and country 2) with two goods (X and Y). Further, under the assumptions of the Ricardian model, country 1 specialise in goods X. Derive the Ricardian world market for good X.
(b) Explain the main reasons for the existence of external economies of scale.
Write short notes on ALL of the subsequent:
(a) Voluntary Export Restrictions
(b) Anti-Dumping and Countervailing Duties
(c) Export Subsidies and Import Quota
report writing for 1500 words
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Explain the effects of a permanent increase in the U.S. money supply in the short run and in the long run. Assume that the U.S. real national income is constant. A raise in th
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