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Question :
(a) Using a simple example, diffrence between inter - industry trade and intra - industry trade?
(b) Illustrate the reasons for the existence of external economies of scale.
(c) Given that countries trade under the Heckscher - Ohlin model assumptions, construct the production possibility frontier.
(d) Analyse the welfare effect a tariff on a small importing country.
Explain the importance of well-established property rights in the method of development. Definition of property rights should not begin and end with owning land and buildings b
How to solve questions of endowments?
Depreciation: This signifies the loss of value from an existing stock of real capital (for an individual company or for whole economy), reflecting normal wear-and-tear of machinery
During a given interval a nation''s overall productivity grows at a compounded rate of 2%. Its population growth rate and degree of labor-force participation do not change over thi
Double Jeopardy A condition where an entrepreneur's main source of income and net worth depend on the entrepreneur's organization.
Discuss how the opportunity cost principle influence a supplier''s decision to supply labour
Wage Differentials: Market structure alone does not account for all of the differences in wages and employment. Market wage differentials arise from various other sources, includin
A 5-years Rs.100 debenture of a firm can be sold for a net price of Rs. 96.50. The coupon rate of interest is 14 per cent per annum, and the debenture will be redeemed at 5 per cen
Maurice has the following utility function: U (X; Y ) = 20X + 80Y ?? X2 ?? 2Y 2 where X is his consumption of CDs, with a price of $1, and Y is his consumption of movie videos, wit
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