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what does the law of reciprocal states about and how does it differ from the theories of smith and ricardo
using diagrams, corden''s theory of customs union under conditions of oligopoly and within the existence of external economics of scale.
Q . Now the monopolist discovers that it will export as much as it likes of its steel at the world price of $5/ton. It will thus expand for- export production up to the point whe
Opportunity cost theory
Q. Explain why Relative PPP is useful when comparing countries that base their price levels on different product baskets. Answer: For instance If the U.S price level increase
Q. It is argued that the United States could be foolish to maintain a free-trade stance in a world in which all other countries exploit prisoner or child labor, or are protectioni
what is the nature of the proximity-concentration that firms have to deal with then making decision regarding foreign direct investment?
Q. If scale economies were not only external to firms, but were also external to individual sites. That is, the larger the worldwide industry (regardless of where plants or firms
Special and Differential treatment
Q. What is the domino effect or contagion? Answer: The definition is the defencelessness of even seemingly healthy economies to crisis of confidence generated by events
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