« previous next »

Author Question: Membership in a customs union may be either welfare improving or welfare worsening. Illustrate and ... (Read 158 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?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

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
Lumbar puncture. Abbreviated LP, the lumbar puncture is a common procedure that withdraws cerebrospi Lumbar puncture. Abbreviated LP, the lumbar puncture is a common procedure that withdraws cerebrospi
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 photograph of a Union soldier just freed from Andersonville prison, stunned and enraged norther This photograph of a Union soldier just freed from Andersonville prison, stunned and enraged norther
Membership in this subculture is not easily awarded. Not only must high-steel ironworkers prove that ... Membership in this subculture is not easily awarded. Not only must high-steel ironworkers prove that ...
Population receiving welfare, 1960-2020 Population receiving welfare, 1960-2020
Video: Transcription - Introns and exons

For a complete list of videos, visit our video library