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Q. The U.S. is most probably the most open international market among the industrialized countries. What then does the U.S. have to took by joining the WTO?
Answer: There are two responses first the U.S. exporters' rise to gain profitable markets if foreign protectionism in areas of U.S. comparative benefit example soy is separated due to WTO efforts. The second is that the WTO proposes the U.S. government administration a counterweight to sectoral and regional interests demanding protection. It is forever politically easier to bring about more resourceful resource allocations of the complaints of the losers may be deflected by the presence of a binding treaty with an international organization "out hands are tied".
Q. Explain why it may make sense for the United States, Japan, and Europe to allow their mutual exchange rate to float? Answer: Even though these regions trade amid each other
Q. If a scale economy is the dominant technological factor establishing or defining comparative advantage, then the underlying facts explaining why a particular country dominates
Q. To answer the following question, please refer to the figure below. Concentrating only at the lower left quadrant, discuss the relationship between the U.S. real money supply a
Q. Consider, as a result of several dynamic factors associated with exposure to international competition, Albania's economy grew, and is now shown by the rightmost production pos
Analyze the effects of an increase in the European money supply on the dollar/euro exchange rate. Answer: The major points are: A raise in the European money supply will reduc
Q. How did countries use their policy tools to regain internal and external balance after the first oil shock of 1973? Answer: Seeing that the recession deepened over 1974 an
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give notes on the alternative theories to trade
Q. Why do you suppose that South-South trade does not conform in volume, but does conform in pattern with expectations prepared by the Heckscher-Ohlin model? Answer: The patt
Although the elegance and comprehensiveness of transactions costs reasoning has provided the internalisation approach with a powerful logic (Rugman, 1981, 1985), it is still defici
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