B. Tariff barriers imposed by rich countries on textile imports from poorer nations primarily benefit small, well-organized, visible, special-interest groups in the rich countries. A. Free trade harms domestic producers of goods that face import competition. 11. Which of the following is not a true statement regarding international trade restrictions? A. Free trade harms domestic producers of goods that face import competition. B. Tariff barriers imposed by rich countries on textile imports from poorer nations primarily benefit small, well-organized, visible, special-interest groups in the rich countries. C. Retaliatory trade restrictions have proven to be an effective way to deal with countries

Please use APA format. This is a MBA course not an Associates Course so please be knowledgable in Economics in order to help. Also Please have access to the textbook.

1) Explain David Ricardo’s theory of comparative advantage. How does comparative advantage differ from absolute advantage? What is the relationship between comparative advantage and gains from trade? At least 550 words

2) Define both internal and external economics of scale. How do economies of scale play into trade between two countries with one factors of production? At least 250 words

3) What do you think are the political arguments for free trade? Have these arguments survived the tests of time? At least 250 words.

4) Based on research, summarize the economic booms that India and China enjoyed within the past few decades. What economic policies do they have in common? At least 250 words

5) Analyze the effect of the political economy on trade agreements and policy. Analyze the various countries to which the United States actively trades or has an embargo upon. How does this fluctuate with the political economy? Use contemporary examples or examples from history to illustrate your point. At least 520 Words.

Course Textbook:

Krugman, P., Obstfeld, M., & Melitz, M. (2013). International economics: Theory and policy (9th ed). Upper Saddle River, NJ: Prentice Hall.

1.Determine whether the following transactions involve spot exchange, contracts, or vertical integration A major oil company refines gasoline from crude oil produced by oil wells that it owns.Transcontinental, an interstate natural-gas pipeline, has a legal obligation to purchase a specified amount of gas per week from a well owned by Fred Smith in Enid, Oklahoma.A cabinetmaker purchased a dozen wood screws from the local hardware store.An electric utility purchases coal from an underground mine.2.Alpha Industries operates in a highly competitive market. While there are a few other firms in the industry due to the high fixed costs of building plants, rival firms are very aggressive in their pricing strategies. Of the products sold in the industry, over 90% have 10 years of patent protection remaining. Does this industry meet an economist’s definition of a perfectly competitive industry?3.In Savannah, Georgia, the retail gasoline market consists of 8 firms. Firm 1 has 30% of the market, Firms 2 and 3 have 20% each and the remaining firms have 6% each. What is the four-firm market concentration ratio for this industry?4.A firm has $5 million in sales, a Lerner Index of 0.75, and a marginal cost of $45, and competes against 3,000 other firms in the relevant market. a) What price does this firm charge its customers? b) By what factor does this firm mark up its price over marginal cost?5.Suppose the cost function for your firm is: C = 10 +2Q + 5Q2. If the firm sells output in a perfectly competitive market and other firms in the industry sell output at a price of $35, what level of output should the firm produce to maximize profits or minimize losses? What will be the level of profits or losses in the firm makes optimal decisions?6.Delta Airlines experienced huge losses for several years in the early 2000’s, yet it continued to operate its fleets. Why didn’t Delta shut down its operations to further avoid losses?7.You are the manager of a monopolistically competitive firm. The inverse demand curve you face is P = 50 – 4Q. Your cost function is C(Q) = 10 + 2Q. a) What level of output should you produce to maximize profits? b) What is your profits and what will happen in your market in the long run? Explain. 8.You are the manager of a hamburger joint with a marginal cost of $6.00 per hamburger. The hamburger joint is a local monopoly near campus. During the day, only students eat at the joint while in the evening only the faculty members eat there. If students have an elasticity of demand for hamburger of -4 and the faculty has an elasticity of demand of -3, what should your pricing strategy be to maximize profits?

I need help with a Health & Medical question. All explanations and answers will be used to help me learn.

It is difficult to say how we know what is right and what is wrong and I think that people in certain cases have different views on what they believe is right versus what is wrong. I think that a way many people look at right versus wrong in their life is determined by rules or laws that govern their lives. I think a person’s beliefs are formed on this topic mostly in the way they were raised or grew up and the rules they had to follow in order to know what is right or wrong. I think also that a person determines right or wrong based on their spiritual or religious beliefs as well. I know that growing up Catholic we were always taught the ten commandments which were rules which governed our lives and I do think that they are a good foundation for right vs wrong to live your life by.