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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.
Graph the following example and answer the questions: The United States and Japan only produce two goods. They have the same fixed resources and they are equally efficient, and bo
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DISCUSS THE COMPENSATION PRINCIPLE OF KALDOR -HICKS
equation for a demand curve is p=2/q. what is the elasticity of demand if price falls from 5 to 4
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Productivity:Generally, productivity measures efficiency or effectiveness of productive effort. Productivity can be measured in several different ways. Physical productivity measur
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