Discuss the reasons behind the Berlin Blockade of 1948, and the West’s response. What was the long-term political impact of this event on East-West relations?
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Discuss the reasons behind the Berlin Blockade of 1948, and the West’s response. What was the long-term political impact of this event on East-West relations?
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- Please answer for Question B Background: Country A is a relatively “rich” (developed) country, while country B is a relatively “poor” developing country. The model we will be using for trade is a simple supply and demand diagram where any amount can be bought or sold at the world price. If the world price is above the 'no trade' (autarky) price, there are exports, and if it is below there are imports. Both countries are small, so their actions do NOT have an impact on the world price. Question A: Suppose the demand in the poor country is P=100- 9Q and supply is P=Q. Suppose the supply in the poor country is different from the one in country A only because it faces less strict environmental regulations. That is, in country B it costs firms Q to produce Q units, whereas it costs 2Q in country A to produce quantity Q. Draw country B’s demand and supply diagram in 'autarky' with the standard axes (P vertical, Q horizontal) and then work out the equilibrium. How large is welfare under…How does the globalized economy affect U.S. isolationism?What can be worth more or less in international markets depending on how trustworthy the government is that created it, and the available supply and level of demand? Gold standard Commodity Cryptocurrency Fiat currency
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