Which one of the statements is FALSE in Paris Agreement? Select one: O a. Developed countries must provide financial resources to help developing countries O b. 195 countries agreed to limit the rise in Earth's temperature to below 2 degree Celsius OC. Poor countries must provide 100 billion dollars from 2020, as a "floor" Od. The new agreement includes first national targets for 2025
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- A French worker has 100 shirts or 20 in a yeara computer can produce, while a British worker can produce 100 shirtsor let's say it can produce 10 computers.- In this direction, as in question l, both the French andProduction possibilities for the British in Tabular Formyour show.- France and England each have 100 workerslet's assume. Each country, half of its employees in each sectorif it does, how many shirts and computers does each country produce?What is the total output of the shirt and computer in the worldmuch?- Now compare all employees of each countrythat he specialises in the industry in which he has the upper handlet's assume. In this case, shirts and computershow much is the total output in the world?Which of the following is true about BRIC countries: а. There is low prospects of growth O b. To attain raw materials you will outsource to Bangladesh O c. There is low investment O d. There are high growth rates which may not be seen in North America1. Notice how U.S. imports rose at roughly the same rate asthose of other countries until the 1970s. What accounts forthe acceleration of U.S. imports thereafter? 2. China’s exports rose spectacularly after the 1990s. Germanyincreased its exports in this period dramatically as well. Whatevidence do you see here for increasing competition for theUnited States in a globalizing economy?
- Suppose the United States decides to subsidize theexport of U.S. agricultural products, but it does notincrease taxes or decrease any other governmentspending to offset this expenditure. Using a threepanel diagram, show what happens to nationalsaving, domestic investment, net capital outflow, theinterest rate, the exchange rate, and the trade balance.Also explain in words how this U.S. policy affects theamount of imports, exports, and net exports.Use the specific factor model to analyze a simplified version of a liberalization of trade betweenBrazil and Japan. Assume that there are two goods that people want to buy: coffee and cars. Assumethat there are three production factors: land, capital and labor. Land is specific to coffee, capital isspecific to cars and workers can work in both industries. Assume that, under autarky, coffee is cheaper in Brazil than in Japan. How does the price of coffeein Brazil change when Brazil opens up to international trade? Explain your answerCooperton and Denalla each produce two products; pots and pens. The table shows the productlon possibilitles for each country. Cooperton Denalia Pots Pens Pots Pens 6,000 4,500 100 4,000 50 3,000 200 2,000 100 1,500 300 200 Which of the following terms of trade would be beneficlal for both countries? O 1 pot trades for 25 pens O 1 pen trades for 1/18 of a pot 1 pot trades for 15 pens O 1 pen trades for 1/22 of a pot
- When countries specialize in the production of goods they have the comparative advantage in, both and will increase O prices, the trade deficit O production, consumption price level, unemployment consumption, unemploymentTariffs have mixed implications for citizens depending on their industry and position within it. Thepoor are disproportionally impacted by tariffs as they are considered economically regressive. amongthe arguments for trade barriers are job creation, protection against cheap foreign labor, fairness in trade, maintenance of the domestic standard of living, equalization of production costs, infant-industry argument, and various non-economic arguments. Tariff-related gains for America are a complex issue. Discuss the effective rate of tariff protection and the process of tariff escalation? Explain how a tariff affects the welfare of a small importing country and a large importingcountry?If the removal of trade banters is so beneficial to international economic growth, why would a nation continue to restrict trade on some imported or exported products?
- Explain briefly whether each of the following would be more likely to lead to a higher level of trade for an economy, or a greater imbalance of trade for an economy. Living In an especially large country Having a domestic investment rate much higher than the domestic savings rate Having many other large economies geographically nearby Having an especially large budget deficit Having countries with a tradition of strong protectionist legislation shutting out importsOccasionally, a government official will argue that a country should strive for both a trade surplus and a healthy inflow of capital from abroad. Is this possible?Suppose we extend the circular flow model to add imports and exports. Copy the circular flow diagram onto a sheet of paper and then add a foreign county as a third agent. Draw a rough sketch of the flows of imports, exports, and the payment for each on your diagram.