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Q. It is claimed that the persistence of protectionism is often the result of the fact that those who lose from trade are usually a much more informed, cohesive and motivated a group than those who gain. Give a specific example from "real life" that supports this claim.
Answer: The shift of shipbuilding comparative benefit in shipbuilding away from the U.S. has basis economic damage to trained shipbuilders, and to owners of shipyards, as well as to peripheral businesses located near such shipyards. These groups as well as their Congressional representatives will be extremely much aware of the damage being done. The gainers would be those who pay rather lower shipping charges, or lower retail prices caused by the use of cheaper (foreign built) ships. Because shipping is usually a very small component of total retail cost this gain will hardly be noticeable by any one single group in the economy.
International monetary system
Q. Illustrate why Argentina, one of the world's richest countries at the begning of the twentieth century, has become progressively poorer relative to the industrial countries. [
I am trying to complete this homework assignment and I need to use an example to describe and explain the classical theory of international trade, could you guys help me out?
In this year, the Bank of Canada raised the target for overnight rate consistently and continuously. The rate changes are as follows: Date Target (%)
Q. It has been claimed that the Chinese burst of modernization which has been propelling its manufactured exports throughout the world at an unprecedented rate, is made possible b
Q. Explain why, according to Feldstein and Horioka, one should expect that domestic investment rates diverge widely from saving rates. Answer: The decisions of corporations t
Describe and explain the relationship between expected inflation rates in two countries and their interest rate differential according to the PPP theory. Answer: Expected pric
complete notes in foreign investment instiutions
Q. The migration model of Todaro and Harris provided an important theoretical critique of the manufacturing-biased import-substitution trade-policy stance. Illustrate. Answer:
what do you understand by (reciprocal demand)offer curve
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