The following table provides annual sales for the four largest firms in four industries in Canada. Also provided are total Canadian and total world sales for the industry. (All figures are hypothetical and are in milions of dollars.) a. Suppose Canada does not interriationally trade any of the goods produced in these industries Compute the Canadian four-firm concentration natio for each industry. (Enter your resporises rounded to the nearest whole number.) Canadian Four Firm Concentration Ratio Total Sales Total Sales Firm 1 Firm 2 Firm 3 Firm 4 (Canada) (World) Forestry Products $190 $170 $98 $50 $565 $1,368 Chemicals $25 $23 $9 $4 $178 $2,452 Women's Clothing $7 $5 $5 $3 $98 $3,688 $46 $37 $20 $18 $301 $6,135 Pharmaceuticals inthing

Identify which type of nontariff trade barrier is used in each scenario in the following table. Tariff- Export Selective Rate Global Export Quota Quota Quota Quota Subsidy Scenario Canada permits 634,000 tons of beef to be imported each year. Brazil voluntarily reduces textile exports to Poland. The United States charges a tariff of 4.4¢ per kilogram for the first 634,621 tons of beef and a tariff of 6¢ per kilogram of beef in excess of that threshold. O Canada and Brazil agree that Canada produces 60% of its iDevices in Brazil and is allowed to export iDevices to Brazil tariff-free. Canada permits 634,000 tons of beef to be imported each year-300,000 tons must come from Poland, and 334 tons must come from Brazil. The U.S. producers of automobiles, an import-competing good, receive $100 million from the U.S. government for their production of 250,000 autos. The U.S. government makes a payment to domestic farmers of $1 on each bushel of apples that is exported. O Domestic Production…

Suppose there are three countries, the EU, Mexico, and Asia, in the world and the EU imports electronics from either Mexico or Asia (or both). Assume that Mexico is a small supplier and Asia is a large supplier and the free-trade prices of electronics from Mexico and Asia are PMEXICO=$1,200 and PASIA=$1,000, respectively, and the EU initially imposes a 15% tariff on both Mexico and Asia. Now the EU forms an FTA with Mexico.   Use a graph of import demand and export supply curves to show the impact of this FTA on EU’s consumer surplus, government revenue, and welfare. Is the EU better off or worse off with the FTA? In the above graph, identify the effect of the FTA on Mexico’s producer surplus. Suppose after the FTA with the EU, Mexico invests in its electronics industry and lowers its marginal cost such that its free-trade price is PMEXICO=$1,100. How would the graph and the answer in parts (a) and (b) change?

Which of the following are the goals set by the Association of Southeast Asian Nations (ASEAN) regional trade agreement? O to promote economic and educational growth of the region to promote only the economic growth of the region to promote only the cultural growth of the region to promote the economic and cultural growth of the region

4.

Describe how the Philippines may use the Heckscher-Ohlin Trade Theory to develop its international trade relations and policies. (2 paragraphs minimum)

Assume that country Sunveld is a producer of beans. The government wants to encourage the production and export of beans. Using your knowledge of trade policy, explain with the aid of a well-drawn diagram, the appropriate policy (and its effects) to attain this objective. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Which of the following is a disadvantage of the General Agreement on Tariffs and Trade's (GATT's) policies? It abolished the Multifiber Arrangement (MFA) designed to promote free trade in textiles. O It increased the average trade tariffs among developed countries. O Non-tariff barriers that were easy to verify and challenge were removed. Trade in services and intellectual poperty (IP) protection was not covered.

The island country of Mauritius is small but has lowered its barriers for international trading partners. Is Location in the Indian ocean is close to Madagascar in the African continent. Mauritius trade between countries close by, and larger countries such as India. How does Mauritius benefit from lowering its trading barriers?

domestically. none of these consumption trade can enable trading partners to consume more than they can produce O production