Can you give two concrete examples of protectionism

Assignment Help Microeconomics

Reference no: EM13801802

ECONOMY

This work must be written in a very understandable way (English) + at least 2 and a half Pages.

Warning; do not write just the answer to them, write in a very thorough way, and with own words.

PART 1

1. What is protectionism? Can you give two concrete examples of protectionism?

2. Explain what David Ricardo meant by comparative advantages within foreign trade.

3. As companies in a country has a high production cost for a commodity (goods), and offers too little goods at a certain price, and hence so fill this demand in the country by the free trade of import. Explain what it gives for effects on the domestic industry (industry in the country)!

4. Describe briefly what the GATT agreement means! Also describe briefly Agreements GATS and TRIPS.

5. Give three arguments for why free trade is positive from the world economy viewpoint!

6. Give three arguments against free trade

7. What is meant by monetary policy, respond overall (detailed)?

8. One reason why companies often wants to export their goods and (services) is because; businesses and industries can earn on benefit from economies of scale (economies). What is these anyway?

PART 2

There are a number of underlying reasons why a currency varies in rate against another currency. For example, what could it be that; the course to buy a dollar can vary from 6.50 up to maybe nine crowns over time?

1. What is it that affects the courses? One reason is, for example, the difference in inflation rates between countries, but there are several others!

2. Try to describe some of these.

Devaluation/Currency

1. What is devaluation?

2. What is required for a country to devalue its currency?

3. The country Sweden made some devaluations during the 80s. Describe these cards, and what it craved to achieve?

4. d) Did they do that?

5. Is devaluations a "good practice" to adjust imbalances within its own economy?

6. Describe what a tariff is a bit how it works, and how it is used in a free trade area!

7. How are duties within a customs union?

In order to limit imports, a country may choose to use tariffs as an instrument.

1. How has the WTO (World Trade Organization) impact on trade in the global economy?

Civics:This following work must be written in a very understandable way (English), + one page at least.

Warning: do not write just the answer to them, write in a very thorough way, and with own words.

Country analysis

You must compile the basic facts about the country; France. The point is that you should put yourself in the country perspective. Use in progress footnotes while typing.

1. Describe if there is war, conflicts in the country and how the relationship is to terrorism? OBS: also remember to additionally mention (not too much, but still enough to understand) about the new event that happened there/still happening there.

Reference no: EM13801802

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