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Economics: Difference between revisions
→Home exam: linking to the correct w:product life-cycle theory
(→Home exam: linking to the correct w:product life-cycle theory) |
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#) Explain why neighboring countries tend to [[w:trade|trade]] extensively with each other. | #) Explain why neighboring countries tend to [[w:trade|trade]] extensively with each other. | ||
#) Compare [[w:David Ricardo|Ricardo]]’s [[w:comparative advantage|comparative advantage]] theory and [[w:Heckscher-Ohlin|Heckscher-Ohlin]] [[w:Financial endowment|endowment]] model as explanations for [[w:international trade|international trade]]. | #) Compare [[w:David Ricardo|Ricardo]]’s [[w:comparative advantage|comparative advantage]] theory and [[w:Heckscher-Ohlin|Heckscher-Ohlin]] [[w:Financial endowment|endowment]] model as explanations for [[w:international trade|international trade]]. | ||
#) | #) Vernon’s [[w:product life-cycle theory|product life-cycle theory]] explaining [[w:export|export]]s. | ||
#) External [[w:economies of scale|economies of scale]] explaining intraindustry trade. | #) External [[w:economies of scale|economies of scale]] explaining intraindustry trade. | ||
#) What are the [[w:welfare|welfare]] effects of [[w:tariff]]s? | #) What are the [[w:welfare|welfare]] effects of [[w:tariff]]s? | ||