Podcast
Questions and Answers
What is the result of FDI in Ireland's Pharmaceuticals industry?
What is the result of FDI in Ireland's Pharmaceuticals industry?
- Employment contracts
- The industry shuts down
- No change in employment
- Employment expands (correct)
How does the FDI influence the nominal wage in Ireland?
How does the FDI influence the nominal wage in Ireland?
- The change in nominal wage is ambiguous
- The nominal wage increases (correct)
- The nominal wage remains the same
- The nominal wage decreases
What happens to the marginal product of Labor after immigration from Poland?
What happens to the marginal product of Labor after immigration from Poland?
- The marginal product of Labor decreases (correct)
- The marginal product of Capital increases
- The marginal product of Labor increases
- The marginal product of Labor remains the same
What is the result of FDI in Ireland's Beer industry?
What is the result of FDI in Ireland's Beer industry?
What is the relationship between Labor and R&D Labs in the production of Pharmaceuticals?
What is the relationship between Labor and R&D Labs in the production of Pharmaceuticals?
What is the result of immigration from Poland on the real wage in Ireland?
What is the result of immigration from Poland on the real wage in Ireland?
What happens to the marginal product of Labor and Capital when a certain phenomenon occurs?
What happens to the marginal product of Labor and Capital when a certain phenomenon occurs?
What is called when countries specialize in different varieties of the same type of product and trade them?
What is called when countries specialize in different varieties of the same type of product and trade them?
What opportunity does international trade allow a monopolistically competitive firm in the long run?
What opportunity does international trade allow a monopolistically competitive firm in the long run?
What are the monopoly profits of the firm if it only sells in the domestic market?
What are the monopoly profits of the firm if it only sells in the domestic market?
Should the firm enter the foreign market?
Should the firm enter the foreign market?
What is the extra monopoly profits that the firm will earn if it enters the foreign market?
What is the extra monopoly profits that the firm will earn if it enters the foreign market?
What is the definition of dumping in a foreign market?
What is the definition of dumping in a foreign market?
What is the effect of the tariff on the producer surplus in the Home country?
What is the effect of the tariff on the producer surplus in the Home country?
What is the amount of government revenue generated due to the tariff?
What is the amount of government revenue generated due to the tariff?
What is the deadweight loss due to the tariff?
What is the deadweight loss due to the tariff?
How many stages of production are involved in the production of TVs?
How many stages of production are involved in the production of TVs?
What is the only raw material required for the production of TVs?
What is the only raw material required for the production of TVs?
What would be the consequence of the transportation costs being high in the UK?
What would be the consequence of the transportation costs being high in the UK?
What is the primary effect of the import quota on the US textile market?
What is the primary effect of the import quota on the US textile market?
What does the graph illustrates after the import quota is imposed?
What does the graph illustrates after the import quota is imposed?
What is the relationship between the freetrade amount of imports and the import quota q?
What is the relationship between the freetrade amount of imports and the import quota q?
What would happen to the textile imports into the US after the import quota is imposed?
What would happen to the textile imports into the US after the import quota is imposed?
What is the purpose of the import quota in the context of the problem?
What is the purpose of the import quota in the context of the problem?
What is the revenue that the government gets from auctioning off the right to import textiles into the U.S.?
What is the revenue that the government gets from auctioning off the right to import textiles into the U.S.?
What is the net change in welfare as a result of the import quota if the foreign producers are able to sell to the U.S at the prevailing U.S. domestic price?
What is the net change in welfare as a result of the import quota if the foreign producers are able to sell to the U.S at the prevailing U.S. domestic price?
How does the net change in welfare as a result of the import quota compare between the two scenarios?
How does the net change in welfare as a result of the import quota compare between the two scenarios?
What is the area on the graph that represents the revenue generated by the government from the import quota?
What is the area on the graph that represents the revenue generated by the government from the import quota?
What is the effect of the import quota on the domestic price of textiles in the U.S.?
What is the effect of the import quota on the domestic price of textiles in the U.S.?
