« previous next »

Author Question: Membership in a customs union may be either welfare improving or welfare worsening. Illustrate and ... (Read 156 times)

haleyc112

  • Hero Member
  • *****
  • Posts: 600
on: Jun 30, 2018
Membership in a customs union may be either welfare improving or welfare worsening. Illustrate and explain.
 
  What will be an ideal response?

Question 2

In Canada, there are no preferences given to Canadian tv networks and programming over U.S. networks and programming.
 
  Indicate whether the statement is true or false


fromAlphatoOmega22

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 30, 2018
Answer to Question 1

It can be welfare worsening if trade diversion is large and trade creation is small. Graphically, this will be more likely when the partner country's price is quite a bit higher than the world price.

Answer to Question 2

FALSE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Feral Chocolate/White Muscovy Duck hen at Lake Union, Seattle Feral Chocolate/White Muscovy Duck hen at Lake Union, Seattle
Awareness of cultural and religious norms and customs will help you deliver appropriate nursing care Awareness of cultural and religious norms and customs will help you deliver appropriate nursing care
French and U.S. presidential elections in 2012 illustrate the durability of political culture and ho French and U.S. presidential elections in 2012 illustrate the durability of political culture and ho
This chart illustrates the four quadrants in which we can place the relationships between the state This chart illustrates the four quadrants in which we can place the relationships between the state
One way to illustrate the journey of adulthood is with the image of a mountain landscape. One begins ... One way to illustrate the journey of adulthood is with the image of a mountain landscape. One begins ...
Men’s work? Women’s work? Customs in other societies can blow away stereotypes. As is common ... Men’s work? Women’s work? Customs in other societies can blow away stereotypes. As is common ...
Video: Transcription - Introns and exons

For a complete list of videos, visit our video library