International Economics Graduate Comp Study Guide

Instructions

International Economics Graduate Comp Study GuideExplain the effects of a tariff on the welfare of a country imposing the tariff, under each of the following assumptions:The country is a small countryThe country is a large countrySuppose an industry is characterized by perfectly competitive firms and these firms exhibit external economies of scale. How do the implications of trade compared to autarky differ in such a model compared to the Standard Model?Suppose an industry is characterized by monopolistically competitive firms and these firms exhibit internal economies of scale. How do the implications of trade compared to autarky differ in such a model compared to the Standard Model?Assume that an industry is characterized by monopolistically competitive firms and these firms exhibit internal economies of scale. Suppose that the firms are heterogeneous in that they have different marginal costs. What will happen when there is industry integration due to international trade? What factors account for or contribute to external economies of scale? Show how equilibrium is determined in an industry characterized by monopolistically competitive firms subject to external economies of scale. If an industry characterized by monopolistically competitive firms subject to external economies of scale, what happens when the industry moves from autarky to international trade?What is intra-industry trade?  How is it measured?I will also upload the sample work(urban econ).Need to answer these questions one by one.The length is one paragraph(not too short) for one question. If the question needs us to provide diagrams, just provide. After you give the work to me, I will ask my classmate to check for me! The study guide is very important to me. I met couple tutors before, they rejected to fix the work for me after I asked them to fix. I rarely ask them to fix stuff but if it is necessary. If you are the tutor who does not want to do the service after you turn in the work. Please do not click it.  Thank you very much.

Answer

International Economics Graduate Comp Study GuideNameAffiliation1. The effects of a tariff on the countys welfare imposing the tariff, under each of the following assumptions:a. The country is a small countryDomestic prices of the small country rise by a tariffs full value whenever the implementation of a specific tariff occurs. This means that the national welfare falls. The tariff imposed causes an income redistribution that profits the producers and government beneficiaries or recipients of the spending gains. While on the other hand consumers suffer losses. The effect of the tariff imposed is not felt by the world or other economies because of its smallness in nature. Hence, it does not have any impact on prices of other nations. The effects of a tariff on the welfare of the small coun...

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