. Question 11 options: ----------------Measures the value of production that occurs within a country's borders without regard to whether the production is done by domestic or foreign factors of production.

12 through 17 12. Developing countries might be unable to respond smoothly to changing international price signals because of: a. a lack of government regulation. b. an abundance of skilled labor. c. inelastic supply curves. d. limited foreign exchange. 13. Which of the following is an argument in favor of trade liberalization? a. Increased investment. b. Infant industry. c. Fluctuating export earnings. d. Increased government revenue. 14. The real price trendline for non fuel primary commodities from 1960-2005 has been: a. Unchanged b. Steadily increasing c. Steadily decreasing d. First decreased and then increased. 15. Which of the following is a major argument of trade optimists? a. Industrial policy can increase productivity of developing country manufacturing efficiency. b. New synthetic substitutes are constantly being discovered and improved. c. Developing country efficiency would improve with trade liberalization. d. All of the above. 16. If the equilibrium exchange rate is 15…

3. Trade creation and trade diversion Suppose that with free trade, the cost to the United States of importing a calculator from Mexico is $12.00, and the cost of importing a calculator from China is $10.00. A calculator produced in the United States costs $16.00. Suppose further that before NAFTA, the United States maintained a tariff of 25% against all calculator imports. Then, under NAFTA, all tariffs between Mexico and the United States are removed, while the tariff against imports from China remains in effect. Assume that the tariff does not affect the world price of calculators. In the following table, indicate which country the United States imported calculators from before NAFTA. Then indicate which country the United States imported calculators from under NAFTA. Check all that apply. (Note: Leave the row blank if the United States doesn't import from either country.) Scenario Before NAFTA Under NAFTA Stakeholder United States Imports from... Mexico China In the following…

(c) What might be a set of favorable terms of trade for the two countries?

1. Elaborate on "Protection to save jobs". Should the US stop trading with the rest of the world, especially China, in order to save US jobs? Clearly explain!

QUESTION 4 Which of the following is most restricted to flow across national boundaries? O A. People. O B. Capital flows. C. Financial and Portfolio Investment. Foreign in NOR

Economics in Asia To present the environmental crisis due to industrialization - the causes and effect in Indonesia Word limit: 600 words First, carry out a brief research [based on reliable journals or publications] to explain how industrialisation can lead to climate change and escalated an environmental crisis in Indonesia - one in which also has spillover effects to her neighbouring countries in Southeast Asia Next, analyse how this environmental crisis can affect Indonesia AND her neighbours in the Southeast Asia region, in terms of trade competitiveness and long-term economic growth Any in text citations must be clearly supported with the references stated in the appendix list.

QUESTION 37 The European Union is the product of two political factors. The devastation of two world wars on Western Europe and O A. theEuropean nations' desire to hold their own on the world's political and economic stage. B. the unawareness of potential economic benefits. C. the removal of barriers to other countries. D. the emergence of an economic superpower.

Please assist with question a and b i, ii and iii.

1. The basis of trade Suppose that Germany and Portugal both produce cheese and wine. Germany's opportunity cost of producing a bottle of wine is 2 pounds of cheese. That is, Germany forgoes the production of 2 pounds of cheese when it produces a bottle of wine. Portugal's opportunity cost of producing a bottle of wine is 1/2 pound of cheese. a comparative advantage in the production of wine. a comparative advantage in the production of cheese.