Question: ( g ) Does factor price equalization through commodity trade occur in sector specific model? ( h ) What is meant by optimum tariff? (
g Does factor price equalization through commodity trade occur in sector specific model?
h What is meant by optimum tariff?
i What is quota?
j When a country is considered as large open economy in international trade?
k Will the factor prices be affected for an increase in capital endowment in Jones model?
l What are the sources of national saving in an open economy?
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