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(a) Consider there are two countries (country 1 and country 2) with two goods (X and Y). Further, under the assumptions of the Ricardian model, country 1 specialise in goods X. Derive the Ricardian world market for good X.
(b) Explain the main reasons for the existence of external economies of scale.
Write short notes on ALL of the subsequent:
(a) Voluntary Export Restrictions
(b) Anti-Dumping and Countervailing Duties
(c) Export Subsidies and Import Quota
review the general equilibrium conditions under autarky and given free trade using the opportunity cost theory of trade
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The first African Economists Congress organized by the African Union concentrated on the creation of a monetary union and the introduction of single currency in Africa. (a) Ref
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How to derive offer curve and its difference from reciprocal demand curve
Offer curves with example and explabation
What are the predictions for the long run of the Monetary Approach? Answer: Money supplies- Known the equations
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