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Question :
(a) Using a simple example, diffrence between inter - industry trade and intra - industry trade?
(b) Illustrate the reasons for the existence of external economies of scale.
(c) Given that countries trade under the Heckscher - Ohlin model assumptions, construct the production possibility frontier.
(d) Analyse the welfare effect a tariff on a small importing country.
Question 1: i) Elaborate on the different types of price discrimination that a monopolist may use and what are the required preconditions for its application? ii) What dete
I don''t understand PPC at all
During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use of supply and demand diagrams, how the following markets are affected in terms of
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what monopoly market .
what is ratios GNP? what is use of models in macroeconomics?
FOREIGN EXCHANGE MARKETS: A foreign exchange market (sometimes informally called the forex market, or denoted FEM) is a market in which different currencies are bought and sol
Gibb''s energy In every chemical system, the substance moves in a direction in which there is a decrease in free energy, for example i.e. ?G is negative. G = H - TS where, G is
what are the uses of elasticity to the private sector
if a monopolist makes economic profits, new firms enter the market and compete with the monopolist in the long run.
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