Two countries engaged in trade in products with no scale economies, produced under conditions of perfect...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Two countries engaged in trade in products with no scale economies, produced under conditions of perfect competition, are likely to be engaged in 请选择你的答案 E) oligopolistic competition B) monopolistic competition. A) inter-industry trade. D) Heckscher-Ohlin trade. C) intra-industry trade. 单选 2 ** In the model of monopolistic competition, if firms have average cost curves, then opening trade will cause firms to the industry. 请选择你的答案 D) symmetric; more efficient; enter B) different; more efficient; enter E) symmetric; less efficient; enter C) symmetric; less efficient; exit A) different; less efficient; exit 单选 1 ** An industry is characterized by scale economies, and exists in two countries. Should these two countries engage in trade such that the combined market is supplied by one country's industry, then 请选择你的答案 B) consumers in both countries would have higher prices and fewer varieties. A) consumers in both countries would have more varieties and lower prices. D) consumers in the exporting country only would have higher prices and fewer varieties. E) consumers in both countries would have fewer varieties at lower prices. C) consumers in the importing country only would have higher prices and fewer varieties. Two countries engaged in trade in products with no scale economies, produced under conditions of perfect competition, are likely to be engaged in 请选择你的答案 E) oligopolistic competition B) monopolistic competition. A) inter-industry trade. D) Heckscher-Ohlin trade. C) intra-industry trade. 单选 2 ** In the model of monopolistic competition, if firms have average cost curves, then opening trade will cause firms to the industry. 请选择你的答案 D) symmetric; more efficient; enter B) different; more efficient; enter E) symmetric; less efficient; enter C) symmetric; less efficient; exit A) different; less efficient; exit 单选 1 ** An industry is characterized by scale economies, and exists in two countries. Should these two countries engage in trade such that the combined market is supplied by one country's industry, then 请选择你的答案 B) consumers in both countries would have higher prices and fewer varieties. A) consumers in both countries would have more varieties and lower prices. D) consumers in the exporting country only would have higher prices and fewer varieties. E) consumers in both countries would have fewer varieties at lower prices. C) consumers in the importing country only would have higher prices and fewer varieties.
Expert Answer:
Answer rating: 100% (QA)
Two countries engaged in trade in products with no scale economies ... View the full answer
Related Book For
Microeconomics
ISBN: 9781464146978
1st edition
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
Posted Date:
Students also viewed these economics questions
-
1. Two countries engaged in trade in products with no scale economies, produced under conditions of perfect competition, are likely to be engaged in A) inter-industry trade. B) monopolistic...
-
Two characteristics of perfect competition are perfect mobility and perfect knowledge. Make up an example of each.
-
In your opinion, what organizational stressors are likely to be among the most common experienced by air traffic controllers? Explain your reasoning.
-
Find each product. -3a+(4 + a)
-
The sale of rhinoceros horns is not prohibited because of concern about the wicked pleasures of aphrodisiac imbibers, but because the supply activity is bad for rhinoceroses. Similarly, the...
-
Abby Novel signed a note with the following on it: Glen Gallwitz 1-8-2002 loaned me $5,000 at 6% interest a total of $10,000.00. The note did not contain a payment schedule or a time for repayment....
-
Draw a cash flow diagram of any investment that exhibits both of the following properties: 1. The investment has a 4-year life. 2. The investment has a 10 percent/year internal rate of return.
-
A depreciation schedule for semi-trucks of Ichiro Manufacturing Company was requested by your auditor soon after December 31, 2013, showing the additions, retirements, 2 depreciation, and other data...
-
What is immediate, up-to-date information? What is Real-time systems Information governance?
-
1. Suppose Siscos altercation occurred while he was en route to his house during an unpaid one-hour lunch break. Would Sisco still be eligible for compensation? Why or why not? 2. Would Sisco have...
-
What are the key variables that impact the shifting nature of globalization? What should leaders do to adapt to these shifts in order to assure success in this dynamic global business environment
-
Many of the buildings in Paris have Mansard roofs, such as those shown in the photograph on page 147. a. What property tax structure would bring this about? b. Could you imagine a change in the...
-
In the 1960s, coffee came in 1-pound cans. Today, most coffee comes in 11-ounce cans. a. Can you think of an explanation why? b. Can you think of other products besides coffee whose standard size has...
-
Why would an economist be more hesitant about making an elasticity estimate of the effect of an increase in price of 1 percent than an increase in price of 50 percent?
-
Which of the following producers would you expect to support a tax on beer? Which would not? Explain your answer. a. Producers of hard liquor. Cross-price elasticity with beer: 0.11. b. Producers of...
-
Suppose average movie ticket prices are $8.50 and attendance is 1.2 billion. The price of tickets rises to $9.50 and attendance rises to 1.4 billion. a. What happened to total revenue? b. If you were...
-
In this project you are going to design a traffic-light controller for the street intersection shown in the figure below to prevent accidental collisions. Objects on street A can move in both...
-
(a) How far away can a human eye distinguish two ear headlights 2.0 m apart? Consider only diffraction effects and assume an eye pupil diameter of 5.0 mm and a wavelength of 550 nm. (b) What is the...
-
Jake and Paul run a paper company. Each week they need to produce 1,000 reams of paper to ship to their customers. The paper plant's long-run production function is Q = 4K0.75L0.25, where Q is the...
-
Consider the Ultimatum Game, a two-player game often played in experimental economics labs. In the Ultimatum Game, one player is given an amount of money and then instructed to give some arbitrary...
-
A firm has the production function Q = K0.5L0.5. The wage is W and the rental rate on capital is R. Derive the demands for capital and labor as a function of Q, W, and R.
-
How much of a $100 tax would a consumer pay if elasticity of demand is 0.2 and elasticity of supply is 1.8?
-
The Pure Food and Drug Act of 1906 is known as Dr. Wileys Law. It is generally regarded by non-economic historians as representing the triumph of consumer interests over producer interests. a. Why...
-
The elasticity of the supply of labor in part determines who bears the burden of Social Security taxes. Those taxes are typically levied in matching 6.2 percent shares on workers wages and wages paid...
Study smarter with the SolutionInn App