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Economists generally dislike the restriction of trade because it:
A. encourages inefficiency
B. does not really save jobs in the short run despite its costs
C. discourages the growth of infant industries
D. is too difficult and costly to enforce
E. reduces a nation's industrial diversification
Why would a merger reduce costs? Why would a merger increase markups? Why do many mergers fail nonetheless? What information would you like to have to plan advertising spending? Why might banning advertising drive up prices?
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With the help of a diagram show how home will benefit from trade according to the Ricardian Model. In your diagram, clearly mark the point of production and consumption before and after trade; mark the amount of import or export.
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1.nbspnbspnbspnbspnbsp production possibility frontiers studying or socializing?nbspa. nbspdraw a production
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