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Q. Even though it is very clear in the context of the Specific Factors model that an expansion of international trade will make losers as well as winners, economists still claim that the country as a entair gains. The general claim that a country gains even though some identifiable group within it systematically loses needs subjective judgements concerning the relative importance or weights to be given the economic welfares of individuals or groups. Do you believe that this is, in general scientifically or ethically possible to do? Illustrate your answer. In what sense, then, do economists nevertheless claim that the country as a whole gains?
Answer: This could be considered chosen an intractable issue, for which modern welfare economics actually has no solution. For instance in the early 1980s it was decisive not to subject blood supplies to ( at that time) extremely expensive tests for positive HIV factors, as it was decided that this would cause blood shortages for large numbers of people, as well as that the number of people who might gain from applying the stringent tests was extremely small. Specifically the good of the several was deemed superior to the good of the few. Regrettably, the only some happened to be just about every person suffering from Haemophilia at that time. Approximately all of these people died as a result.
Q. Explain why the dollar of the United States became the postwar world's key currency. Answer: 1. The untimely convertibility of the U.S dollar in 1945. 2.
How is the foreign exchange rate determined?
Question: Tire Co Ltd, a Mauritian company, is engaged in the import and distribution of tyres from TZ Co Ltd established in Mozambique. Tire Co Ltd trades since 10 years under
Q. Discuss studies based on the interest parity conditions. Answer: Generally the formula doesn't hold and isn't a good predictor of future devaluations. Even poorer it
Q . Consider that the relative capital abundance of Australia was so much greater than that of Sri-Lanka, that we would have to locate Australia far to the right on the K/L axis.
Q. What are the predictions for the long run of the Monetary Approach? Answer: Money supplies- Known the equations E $/E = P US /P E P US = M S US /L(R $
impact of World trade organisation over indian economy?
Discuss the exceptional supply curve
2. If a country's growth is biased in favor of its import, this should unequivocally improve its terms of trade and its economic welfare. Discuss. Answer: Suppose the Japan
Q. Suppose Airbus is set to give the aircraft before Boeing. Which company will enter the market? Answer: Boeing will not and Airbus will produce.
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