It is often argued that the existence of increasing returns is a source of conflict between countries,
Question:
It is often argued that the existence of increasing returns is a source of conflict between countries, since each country is better off if it can increase its production in those industries characterized by economies of scale. Evaluate this view in terms of the external economy model.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (11 reviews)
This view is flawed in the sense that countries produce more than one good Trade allows a country to ...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
International Economics Theory and Policy
ISBN: 978-0273754206
9th Edition
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
Question Posted:
Students also viewed these Economics questions
-
It is often argued that forward exchange rates should be unbiased predictors of future spot exchange rates if the foreign exchange market is efficient. Is this true or false? Why?
-
It is often argued that managers, when asked to maximize stock price, have to choose between being socially responsible and carrying out their fiduciary duty. Do you agree? Can you provide an example...
-
It is often argued that the two most important real options available to a manager evaluating investment decisions are the option to defer an investment decision and the option to abandon an...
-
Nancy has active modified adjusted gross income before passive losses of $75,000. She has a loss of $5,000 on a rental property she actively manages. How much of the loss is she allowed to take...
-
Determine the dimension of and a basis for the solution space of the system. x1 + (1 + i)x2 = 0 (1 - i)x1 + 2x2 = 0
-
Heat is lost through a plane wall steadily at a rate of 800 W. If the inner and outer surface temperatures of the wall are 20C and 5C, respectively, and the environment temperature is 0C, the rate of...
-
The probabilities that a quality control team will visit \(0,1,2,3\), or 4 production sites on a single day are 0.15,0.22,0.35,0.21, and 0.07. (a) Simulate the inspection team's visits on 30 days....
-
Dailey Company issued $300,000, 8%, 15-year bonds on December 31, 2013, for $288,000. Interest is payable annually on December 31. Dailey uses the straight-line method to amortize bond premium or...
-
Consider three incomes: $35 000, $65 000, and $130 000. Determine the maximum RRSP contribution and the tax benefit at each income level. What would be an equivalent TFSA contribution? Next project...
-
Jimmy owns a garden in which he has planted N trees in a row. After a few years, the trees have grown up and now they have different heights. Jimmy pays much attention to the aesthetics of his...
-
For each of the following examples, explain whether it is a case of external or internal economies of scale: a. Most musical wind instruments in the United States are produced by more than a dozen...
-
Give two examples of products that are traded on international markets for which there are dynamic increasing returns. In each of your examples, show how innovation and learning-by-doing are...
-
In September 2017, Denis Sonin had a great idea to make some money. He de cided he would sell holiday items in the local mall in the two months before Christmas. He set up a proprietorship he called...
-
A franchisee has yearly gross sales of $200,000, net profit of $30,000, gross profit of $15,000, and brand royalties of 5 percent. What amount is the franchisee likely to pay the franchisor per annum?
-
1. Identify key components of the value conflicts described in the video "The Human Face of Big Data". 2.Who are the stakeholders involved, and what is at stake for each person or group? 3 What is...
-
All of the following help to develop informal networks that play an important role in an organization EXCEPT for: Group of answer choices a Virtual communities b Job rotation c Performance reviews d...
-
Based on the data from six students, the regression equation relating number of hours of preparation (x) and test score (y) is y-hat = 67.3 +1.07x. The same data yield r=0.224 and y-bar = 75.2. What...
-
The human body can only physically withstand so much centripetal acceleration in a fighter jet when making a loop before the pilot passes out. Looking at the equation for centripetal acceleration,...
-
A comprehensive, organization-wide strategy for improving product and/or service quality on a systematic and continuous basis is called ______ ______ ______.
-
The process of collaborative goal setting by a manager and subordinate, the extent to which goals are accomplished is a major factor in evaluating and rewarding the subordinate's performance. It is...
-
Find the errors in the following if statements: a. b. c. d. e. if x>0 then System.out.print(x);
-
We can express a linear approximation to the interest parity condition (accurate for small exchange rate changes) as: R = R* + (E e - E)/E e . Adding this to the model of problems 14 and 19, solve...
-
We can express a linear approximation to the interest parity condition (accurate for small exchange rate changes) as: R = R* + (E e - E)/E e . Adding this to the model of problems 14 and 19, solve...
-
Like its neighbor New Zealand, Australia has had a long string of current account deficits and is an international debtor. Go to the Australian Bureau of Statistics website at...
-
Compare life cover end funeral cover stating the advantages and disadvantages of each.
-
What are the change management issues in C 3 solutions?
-
What are 2 key events discussed in the documentary kanyi?
Study smarter with the SolutionInn App