Which countries are likely to gain, and which are likely to lose, from the North American Free Trade Area? How are the gains and losses likely to be distributed across occupations and sectors of the Mexican economy? U.S economy?

A common false argument for using tariffs to maximize national income and raise domestic living standards is to ... A. alter the terms of trade B. protect specific groups C. create a strategic trade advantage D. protect declining industries O E. encourage learning by doing O O O O O

What were some of the reasons for the decline in the import-substituting industrialization strategy in favor of a strategy that promotes open trade? O High rates of effective protection allowed industries to survive when their cost of production was three to four times higher than the price of the imports they replaced. O Protectionist policies had a negative effect on incentives, which led to rent-seeking or corruption in some developing countries. O Countries pursuing import substitution were not catching up with advanced countries. O All of the above.

Suppose a country has abundant capital but scarcelabor. Which group would be more harmed bya trade embargo: owners of capital or laborers?

For 2022, according to the heritage foundation, Russia's trade freedom score was 69.0 while Ukraine had a trade score of 76.8. Some of the reasons for these scores could be and we would expect as other countries respond to the war with trade sanctions to Russia, Russia's trade freedom score would Because Russia has higher tariffs and more restrictions in trade than Ukraine; decrease Because Ukraine has higher tariffs and more restrictions in trade than Russia; increase O Because Russia has higher tariffs and more restrictions in trade than Ukraine; increase Because Ukraine has higher tariffs and more restrictions in trade than Russia; decrease.

. Describe theories that explain national trade patterns. b. Does any of the theories apply to Walmart? c. Does Walmart's host country and/or home country have WTO membership? d. Is WTO membership of the host and/or home country important? Explain briefly.       Please answer these questions that correlate to Walmart. please answer correctly ansd completely

Assume, for Vietnam, that the domestic price of textiles without international trade is lower than the world price of textiles. This suggests that, in the production of textiles, O Vietnam has a comparative advantage over other countries and Vietnam will export textiles. O other countries have a comparative advantage over Vietnam and Vietnam will export textiles. O other countries have a comparative advantage over Vietnam and Vietnam will import textiles. O Vietnam has a comparative advantage over other countries and Vietnam will import textiles. MacBook A esc D00 FA F1 F2 F3 FS % 4 Q W E R T tab I A S D F G s lock

With multilateral negotiations, a country reduces its trade barriers without other countries also reducing their barriers. exporters will fight any reductions in trade barriers. O import-competing domestic industries can count on support from foreign exporters in the same industries. opposing political interests can cancel cach other out. O the domestic industry lobby inevitably loses.

A. Tariffs tend to restrict competition much more than quotas by helping importers and exporters to acquiremonopoly power. B. If import quotas are allocated only to a few importers, they may not enable them to amassfortunes by exploiting the market. Both A & B is True A is False, B is True A is True, B is False Both A & B is False

If a nation lhat does not allow international trade insteel has a domestic price of steel lower than I heworld price, then~ the nation has a comparative a dvan ta~e in oroduc·ing steel and would become a steel exporter if ilopened up trade.h. the nation has a comparative a dvan ta~e in oroduc·ing steel and would become a steel importer if ilopened up trade.c. the nation does not have a comparative advantagein producing steel and would become a steelexporter if it opened up trade.rl. the nation does not have a comparative advantagein producing steel and would become a steelimporter if it opened up trade.