Generate net gain for a country

Assignment Help Business Economics
Reference no: EM133063134

Free trade is generally advocated by economists, since it can generate overall benefits to the trading nations. Most trade policies which create barriers to trade can result in deadweight loss, however in some cases, trade policies can generate net gain for a country. Explain in detail with valid reasoning, what are those cases?

Reference no: EM133063134

Questions Cloud

How do the resulting cost figures influence your assessments : Alternative B has an initial cost of $150,000, estimated annual operating costs of $5,000, How do the resulting cost figures influence your assessments
Corresponding inverse residual demand function : a) What is the corresponding inverse residual demand function?
Cobb-douglas production function : Suppose we wanted to use the Cobb-Douglas production function to explain differences in income between Japan and Australia.
How much is this investment worth at the end of year : You are able reinvest these cash flows at 9.17 percent, compounded annually. How much is this investment worth at the end of year four
Generate net gain for a country : Free trade is generally advocated by economists, since it can generate overall benefits to the trading nations. Most trade policies which create barriers to tra
What the test statistic for this sample : The following contingency table shows the number of properties listed by each company along with their location. What the test statistic for this sample
Compare and contrast physician-assisted suicide : Compare and contrast Physician-Assisted Suicide (PAS) and Medical Euthanasia. What is the current status of both procedures in the law
Three risk management issues : Research the event related to the container ship that was stuck in the Suez Canal and identify at least three risk management issues that will need to be addres
Interactive nature of the physical and spiritual ecologies : What biblical evidence would you offer someone who rejects the interconnected and interactive nature of the physical and spiritual ecologies God created?

Reviews

Write a Review

Business Economics Questions & Answers

  What are the estimated changed in the economic base

You are given the following figures on economic base: primary employment: 10,000; Secondary employment 30,000 A) Determine the ration B) a New Factory engaged in primary employment is moving into the base and intends to employ 250 persons. What are t..

  Government has imposed a per-unit tax

The inverse demand in a Cournot duopoly is P = a − b(Q1 + Q2), and costs are C1(Q1) = c1Q1 and C2(Q2) = c2Q2. The government has imposed a per-unit tax of $t on each unit sold by each firm. The equilibrium output of each firm is the same as a situati..

  Consumer confidence is lower than the previous month

Determine what fiscal policy measure has a more direct impact to the economy, an increase in government spending or an equal decrease in taxes if consumer confidence is lower than the previous month. Explain your reasoning.

  Draw the patient-experienced price line

Joe's demand curve for office visits is Quantity = 100-5p. In other words, Joe's Willingness to pay for the N^th visit = 20-0.2N^th visit. Joe has an insurance policy that covers up to $100 at a $0 copayment up to the limit. After hitting the limit, ..

  Determine its provit maximizing level of exports

Consider a firm in some foreign country producing a good as a monopoly. Its export demand function is given by Q=40- .5p. Its Total Cost function is given by TC=150+8Q, a) Determine its provit maximizing level of exports, and the export price the fir..

  Consider making an initial investment in fund

Consider making an initial investment in a fund paying 25% of $1,000 the first year and decreasing your investment by 20% per year. What would be the present amount equivalent to a four year investment.

  Theory of statistical discrimination

According to the theory of statistical discrimination, if you are a low-skill black worker, would you rather work for a black employer or a white employer?

  What were the terms of china admission to the wto

What were the terms of China's admission to the WTO, and has its admission been good for China and the WTO?

  Treasury securities that have an interest rate

Treasury securities that have an interest rate of 8.5% will mature in six years over the next six years the inflation rate is projected at 6% for each of the next three years and 5% each year there after using T as the number of years to maturity of ..

  Compute the employment rate in econland

Given data for Econland: Adult Population = 180 million; Unemployment Rate = 7.5%; NILF = 56 million. Compute the participation rate in Econland. Compute the employment rate in Econland.

  How would you change your response if marginal revenue

A monopolist has determined that marginal revenue is $2.00 and average cost is $1.75. It has also determined that the lowest sustainable average cost is $1.75. To maximize profit, should the firm lower its price, increase its price, or leave the pric..

  What are the requirements for the customer interface

MGT571 E-Commerce Assignment - The U-Build-It Hardware Company, University of Management and Technology, USA.

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!

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