Question

True or False. Draw a graph (supply and demand diagrams) to support your answer: Poor countries...

True or False. Draw a graph (supply and demand diagrams) to support your answer:

Poor countries in Africa do not benefit from trade with more advanced nations because they do not have the technological capabilities of large multinational corporations.

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

False.

Poor countrirs do benefit if they have comparative advantage in producing goods for example Africa and Nigeria have vast variety of minerals produced at lowest cost across the globe. With FDI, they tend to benefit with more employment and forex reserves.

PLEASE UPVOTE INCASE YOU LIKED THE ANSWER WILL BE ENCOURAGING FOR US THANKYOU VERY MUCH ALL THE BEST IN FUTURE

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
True or False. Draw a graph (such as supply and demand diagrams) to support your answer:...
True or False. Draw a graph (such as supply and demand diagrams) to support your answer: Reducing payroll tax benefits workers and employers equally.
True or False. Draw a graph (supply and demand diagrams) to support your answer: A good...
True or False. Draw a graph (supply and demand diagrams) to support your answer: A good time to increase the federal minimum wage is when the economy is going into recession.
Answer each question with True or False and explain using graphical analysis (supply and demand diagrams)....
Answer each question with True or False and explain using graphical analysis (supply and demand diagrams). h)- If there are only a few large employers in the labor market, the minimum wage can reduce unemployment and make the labor market more efficient. I)- Free trade with China hurts the US economy because Chinese workers are willing to work at lower wages compared with US workers.
Answer “true” or “False” and explain. Your answer should start with “true” or “false. your answer...
Answer “true” or “False” and explain. Your answer should start with “true” or “false. your answer should be based on the graphical analysis (supply and demand diagrams). a) When unions play a decisive role in the labor market, the dead-weight loss of payroll tax is high, and the revenue generated by the tax is small b)A good time to increase the federal minimum wage is when the economy is going into recession c)  Technological innovation benefits society because it increases the...
True or False? Draw a graph to support your answer. When unions play a decisive role...
True or False? Draw a graph to support your answer. When unions play a decisive role in the labor market, the dead-weight loss of payroll tax is high, and the revenue generated by the tax is small.
Are the following statements about taxes true, false, or uncertain? Support your answer from an economic...
Are the following statements about taxes true, false, or uncertain? Support your answer from an economic perspective Because taxes create deadweight losses, reducing income taxes will (always) benefit society as a whole. A large (50%) tax on Irish Whiskey would be an effective way to fund programs to eliminate alcoholism. A large (50%) tax on Irish Whiskey would be an effective way to eliminate (or substantially reduce) alcoholism.
Please draw a supply and demand diagram for the “Market for Pasta” and answer the following...
Please draw a supply and demand diagram for the “Market for Pasta” and answer the following questions (Label all axes and curves). a. Assume pasta and red wine are Complements. Furthermore, suppose the price of red wine increases. Illustrate the effect of the price change on the Demand Curve for Pasta. b. Additionally, there is a (positive) technological improvement in pasta production. Illustrate the effect of the new technology on the Supply Curve for Pasta. c. How do the changes...
Say whether you think the statement is true, false, or uncertain; and support your answer in...
Say whether you think the statement is true, false, or uncertain; and support your answer in a few lines. 1. Consider two similar economies hit by the same temporary negative supply shock. In the economy with the more credible monetary policy, there will be smaller increases in both inflation and the real interest rate. 2. If the public believes the commitment to a nominal anchor to be credible, the effect of a negative aggregate demand shock is for short-run aggregate...
Answer if each statement is true, false, or uncertain. Support your answer with a few lines....
Answer if each statement is true, false, or uncertain. Support your answer with a few lines. 1. When the real wage is below the equilibrium price in the labor market we have an excess demand of labor and the real wage should increase. 2. With perfect capital mobility, the domestic real interest rate must be the same as the world real interest rate. 3. In the quantity theory of money, real output is an endogenous variable. 4. The Keynesian consumption...
    State whether the following question is true or false. Support your answer with brief explanation....
    State whether the following question is true or false. Support your answer with brief explanation.    If a firm with marginal cost equal to $2 faces a demand curve defined as Q_d = 100 - 5P, then profit is at a maximum when price is $10.   [3 marks]    If a firm with marginal cost equal to $2 faces a demand curve defined as Q_d = 100 - 5P, then revenue is at a maximum when price is $10.  ...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT