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Q. "The H.O. model remains useful as a way to predict the income distribution effects of trade." Discus s. Answer: The Stolper-Samuelson theorem, one of the basic theorems ari
Q. In 1986, the price of oil on world markets dropped sharply. Since the United States is an oil-importing country, this was widely regarded as good for the U.S. economy. Yet in
How can we Rise of intraindustry trade
tion..What is the range of gross barter terms of trade ?
Opportunity cost theory
Q. Discuss the relationship between PPP and the Law of One Price. Answer: The law of one price is applies to individual commodities while Purchasing Power Parity appli
what are the aims aond objective and purpose of IMF
discuss the superiority of haberler''s theory of opportuinity cost over mill''s theory reciprocal demand?
Describe the State and the Multinationals
In the Ricardian analysis, why does each trading partner have an incentive to produce at an endpoint of its production-possibility frontier? Why are prices of factors of production
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