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What is import substitution policy and how does the Prebisch-Singer hypothesis justify its use?
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- what determines individual immigration policy and FDI policy preferences ?Using the Heckscher-Ohlin model with two countries, trade will A increase the skilled-unskilled wage gap in the skill abundant country and decrease it in the other country B decrease the skilled-unskilled wage gap in the skill abundant country and increase it in the other country C increase the skilled-unskilled wage gap in both countries D decrease the skilled-unskilled wage gap in both countries E not change the skilled-unskilled wage gap at in at least one countryrelationship of Globalization and the Mcdonaldization model
- In the 19th Century Britain was trading with countries from distant locations such as North America, Latin America, Africa and Asia. Today, Britain mostly trades with European countries. Examine the causes of the British changing trade pattern with reference to the Gravity Model.In your own words, explain the Comparative Theory of David RicardoWhich of the following is NOT an outcome of import substitution policy for South Africa in the long - run? Can the outcomes be different in the short and the long - run? Justify your answer using the Prebish - Singer hypothesis. a) Increased economic growth b) Reduced reliance on imports c) Export Promotion, exporting more primary commodities d) Improved trade balance
- In the specific factor model, with free trade the relative price of imported goods cannot be _____ than in autarky.Will the TRAIN law lessen or worsen poverty and income inequality in the country of Philippines? How will the Filipino people benefit from the TRAIN Law?Explain how both liberal and conservative economists believe that immigration has a net positive effect on the economy.
- Policies that provide subsidies to domestic producers to encourage the production of goods for domestic market and reduce the quantity of imports are called import substitution policies. Select one: True FalseWhat is the Kuznets Curve?Briefly explain two (2) of the five (5) policy implications of the Todaro migration model.