Example of external scale economies, International Economics

Assignment Help:

Q. It is probable that trade based on external scale economies can leave a country worse off than it could have been without trade. Illustrate how this could happen.

Answer: One answer is that the terms of trade effects may possibly dominate any other factors.


Related Discussions:- Example of external scale economies

How the timing of a balance of payment crisis is determined, Q. Explain how...

Q. Explain how the timing of a balance of payment crisis is determined.  Be careful to state all assumptions.   Answer:  The assumptions of the model are: Prices are el

Relative factor abundance, Q. "No country is abundant in everything." Disc...

Q. "No country is abundant in everything." Discuss. Answer: the idea of relative (country) factor abundance is (like factor intensities) a relative concept. When we recogniz

Evaluate the credit risk analysis, Question : Banks find it more profit...

Question : Banks find it more profitable to lend money as the margin on lending is much higher than any other banking activity. However, banks have to assess credit risks and t

Survivor island, Identify and explain the three basic economic question tha...

Identify and explain the three basic economic question that the group of survivors will have to answer everyday

Free trade and protectionism, why is international trade important for sout...

why is international trade important for south Africa?.

Why errors in the currency market will be more costly, Q. Based on the cas...

Q. Based on the case study, "A Tale of Two Dollars," Illustrate why errors in the currency market will be more costly to the Toronto Blue Jays baseball team than errors in the fie

Capability, In the International Medical Center, clients are patients who ...

In the International Medical Center, clients are patients who use the services provided by the hospital, such as the health program, preventive services, and surgery. Other custom

Long term self-generated economic growth, Q. It can be argued that Japan's...

Q. It can be argued that Japan's explicit promotion of its microchip industry was an excellent paradigm of successful industrial policy. What criteria could you apply to calculat

Find income of landowners and real wages in each country, Q.  In Foreign an...

Q.  In Foreign and Home there are two factors of production, land and labor, used to produce only one good.  The land supply in each country and the technology of production are ex

Write Your Message!

Captcha
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