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Q. Suppose Airbus is set to give the aircraft before Boeing. Which company will enter the market?
Answer: Boeing will not and Airbus will produce.
How can we Rise of intraindustry trade
Q. The Heckscher-Ohlin model is famous for being elegant and mathematically sophisticated, yet failing to define reality. One manifestation of this fact is Trefler's Case of Missi
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what does the law of reciprocal states about and how does it differ from the theories of smith and ricardo
What are the International factor movements
Q. How can long-run values in the real exchange rate change? Answer: A elevate in world relative demand for U.S output origins a long-run real appreciation of the dollar
what are the limitation of comparative advantage?
Q. Use the diagram below taken from Figure 4-4 to identify the pre-trade situation for Australia and Sri-Lanka. Where on the K/L axis will you search each of the two countries? W
Q. If scale economies were not only external to firms, but were also external to individual sites. That is, the larger the worldwide industry (regardless of where plants or firms
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