Economic development

Answer ALL Questions Question one: "EU will open its market to Egyptian agricultural exports after a one year banning due to some enveronimental considerations" El Ahram May , 2018. a) . If trade liberalization raises economic growth, would all sectors of the economy benefit? Why or why not? b) . What is the principle of comparative advantage? What is the difference between absolute advantage and comparative advantage? c) . Which country, Egypt or E.U , has a comparative advantage in producing agricultural products ? d) * Explain how EU import ban on Egyptian agricultural products affected agricultural products producers and consumers in EU. e) * Identify the EU winners and losers from the open policy. Is this policy in EU's social interest? f) . How do you think Egypt should react to any tariffs imposed on her exports from other countries? g)-*What do you expect the reaction of other agricultural exporters from other countries concerning their share of exports to E.U during the banning period on Egyptian exports