Solution-The theory of comparative advantage

The theory of comparative advantage

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1.Does intra-firm trade contradict the theory of comparative advantage? Why or why not?

2. If world prices decrease, the current account balance of the importing country will improve. True or false? Explain.

3. Suppose Spain were to open its doors to a large number of unskilled Africans seeking to immigrate. In general, what effects would you expect to see in Spain’s trade patterns and its comparative advantage?

4. “The objective of a firm is to maximise price”. Discuss.

5. The imposition of a VER is usually more costly to an importing country when compared to a tariff

Reference no: EM13310687

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The theory of comparative advantage

Reference no: EM13310687

Reference no: EM13310687

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