User Account

All Pages

Explain the benefits of international trade

Assignment Help Microeconomics
Reference no: EM131637539

Question: In principle, the benefits of international trade to a country exceed the costs, no matter whether the country is importing or exporting. In practice, it is not always possible to compensate the losers in a country, for example, workers who lose their jobs due to foreign imports. In your opinion, does that mean that trade should be inhibited to prevent the losses?

Reference no: EM131637539

Questions Cloud

Customer demands differ from organizational capability : How would you examine Quality Function Deployment when Customer Demands differ from Organizational Capability?
What is medical anthropology : How would you answer the question, "What is medical anthropology?"
Describe general environment and the industry environment : What are strategic groups and describe their influence on firms? Describe the general environment and the industry environment?
Explain the term protectionism : Economists sometimes say that protectionism is the "second-best" choice for dealing with any particular problem.
Explain the benefits of international trade : In principle, the benefits of international trade to a country exceed the costs, no matter whether the country is importing or exporting.
How can negative numbers be displayed in brackets : How can negative numbers be displayed in brackets? Why do accountants display negative numbers in brackets? Paste a simple spreadsheet example
Describe the purpose of the paper and conclusion : Describe the purpose of the paper and conclusion. Answer the case assignment questions clearly and provide necessary details.
Explain the microeconomic theory : Microeconomic theory argues that it economically rationale (and profitable) to sell additional output as long as the price covers the variable costs.
How governments identify good candidates for protection : How can governments identify good candidates for infant industry protection? Can you suggest some key characteristics of good candidates?

Reviews

Write a Review

Microeconomics Questions & Answers

  Calculate the utility of the expected value of the lottery

Calculate the expected value of the "lottery", in which Maria participates and calculate the utility of the expected value of the lottery.

  What would you choose for your alternative hypothesis

If you have no preconceived reason for believing that one population mean is larger than the other, what would you choose for your alternative hypothesis? Your null hypothesis?

  What is the level of private saving in given economy

Furthermore, suppose the government runs a balanced budget (that is, G - T + TR = 0) and collects $300 in tax revenue.  Firms spend $55 on new capital and capital inflow equals $15.  Income equals $450 and $220 of that income is spent on consumpti..

  Given the basic economic problem of scarcity

Given the basic economic problem of scarcity

  Discussion on economics

Discuss why will voluntary actions, undertaken at individual level, be unlikely to bring about significant decrease in greenhouse gases such as CO(2)?

  Write down the differences among horizontal vertical and

what are the differences among horizontal vertical and conglomerate mergers? what does the u.s. government hope to

  Will their needs vary depending on their nationality

What are the unique requires of international customers and what services can a retailer offer to satisfy those needs? Are international consumers an attractive market to pursue? Why? Will their needs vary depending on their nationality?

  Regulating the price of a monopolist

Show graphically how regulating the value of a monopolist can both increase quantity and lower price.

  What is the money income of individuals

What is the relationship of the cost of producing output and the money receipts of businesses when there are only consumer expenditures? What should happen to the level of output?

  How many facilities rwe offer the health and safety program

At how many facilities (if any) should RWE offer the health and safety program? What is the net gain for the company given this investment in the program?

  How much does the production increase

The law of diminishing marginal returns states that if one increases, say, labor input by more and more units, then eventually one reaches a point where additional units increases production by fewer and fewer units. For example, because of conges..

  Present recent and current operating results data in a table

Present recent and current operating results (financial performance) data in a table. Present a brief SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats).

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd