Hi,
I need some help on these assignments:
1: Which of the two theories about inter- and intraindustry trade indicates that a country's trade pattern may vary over time? Why do the trade pattern vary?
2: What happens to a country when it opens its markets and starts to trade with other countries? Develop a draft that shows that the industry in country A looses money when the country starts to import products from country B. How can you slow down the effects of the import?
Thanks.
I need some help on these assignments:
1: Which of the two theories about inter- and intraindustry trade indicates that a country's trade pattern may vary over time? Why do the trade pattern vary?
2: What happens to a country when it opens its markets and starts to trade with other countries? Develop a draft that shows that the industry in country A looses money when the country starts to import products from country B. How can you slow down the effects of the import?
Thanks.