Some economists argue that trade openings are not beneficial if the gains are not high. Give reasons
Question:
Some economists argue that trade openings are not beneficial if the gains are not high. Give reasons why economists are still in favor of trade openings.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
Reasons why economists are still in favor of trade openings even when the gains seem small 1 Efficiency and competition Even small gains in efficiency due to increased competition can lead to signific...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Write a summary according to the articles and please be concise and give an overview of the articles in the summary. Try to answer quickly. It will be two-part. one is a summary another is the...
-
Some economists argue that private firms will not undertake the efficient amount of basic scientific research. a. Explain why this might be so. In your answer, classify basic research in one of the...
-
Some economists argue that the animal spirits of investors are so important in determining the level of investment in the economy that interest rates do not matter at all. Suppose that this were...
-
In Table 4. 4, Professor Kip Viscusi estimates that the cost per life saved by current government risk-reducing programs ranges from $100,000 for unvented space heaters to $72 billion for a proposed...
-
The classical probability distribution function for a particle in a one-dimensional box of length L is P = 1/L. (a) Show that the classical expectation value of x 2 for a particle in a...
-
In one of Thomsons experiments he placed a thin metal foil in the electron beam and measured its temperature rise. Consider a cathode-ray tube in which electrons are accelerated through a 2000 V...
-
Describe the emotional responses a person might go through when given the news that her job has been eliminated as a result of a merger. AppendixLO1
-
Sardel Company reported net income of $29,975 for 2010. During all of 2010 the company had 1,000 shares of 10%, $100 par, nonconvertible preferred stock outstanding, on which the years dividends had...
-
George Caloz & Frres, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the companys products, a platinum diving watch, goes through an etching process. The company...
-
Explain why costs to consumers of a tariff or quota are greater than the net welfare costs to a nation.
-
Analyze the economic validity of common justifications for protectionism.
-
The cash flows below were extracted from the accounts of Martin Jones, a music shop owner. Required Prepare a statement of cash flows using the direct method. Repayment of loan Sale of property...
-
How much Group Revenue do you currently have booked for September 2024? (format $, no decimals; e.g, $5,000) How much additional Group Revenue do you need to book to hit your budget for September...
-
What strategies do businesses have in place that promote equal opportunity within the organization? Do most businesses offer career development and training to its employees? If so, why? How do...
-
How do you do the step method in cost accounting? I need help understanding the difference between the step method and reciprocal method.
-
1- How do long-term care changing the health care system in the 21st century? What ethical issues do you see playing a role in this situation? 2- Why do long-term health care and palliative care...
-
How do the processes and layouts of Harley Davidson enable it to deliver goods and services to its customer? (How do they do what they do with the resources they have?)
-
You are trying to communicate with a rocket ship that is traveling at 1.2 108 m/s away from Earth on its way into space. If you send a message at a frequency of 55 kHz, to what frequency should the...
-
The cash records of Holly Company show the following four situations. 1. The June 30 bank reconciliation indicated that deposits in transit total $720. During July, the general ledger account Cash...
-
There is no point in the United States complaining about trade policies in Japan and Europe. Each country has a right to do whatever is in its own best interest. Instead of complaining about foreign...
-
Give an intuitive explanation for the optimal tariff argument.
-
If governments make trade policies based on national economic welfare, is the problem of trade warfare still represented by a Prisoners dilemma game as in Table? What is the equilibrium solution to...
-
Domino is 4 0 years old and is married out of community of property with the exclusion of the accrual system to Dolly ( 3 5 ) . They have one child, Domonique, who is 1 1 years old. Domino resigned...
-
YOU ARE CREATING AN INVESTMENT POLICY STATEMENT FOR JANE DOE General: 60 years old, 3 grown children that are living on their own and supporting themselves. She is in a very low tax rate so we don't...
-
firm purchased a new piece of equipment with an estimated useful life of eight years. The cost of the equipment was $65,000. The salvage value was estimated to be $10,000 at the end of year 8. Using...
Study smarter with the SolutionInn App