Scarcities in International markets

Assume that many people are willing and capable to pay greater than production costs for certain goods however pervasive shortages exist. International agreements or domestic laws and policy are most likely key factors if we consider sustained scarcities in markets for: (1) Atomic bombs and adoptable children. (2) Alcohol and Tobacco products. (3) The minimal food, clothing, and shelter required for survival. (4) Drugs which inhibit HIV and AIDS. (5) Health insurance and health care.

Please someone suggest me the right answer.

View Complete Question

Related Questions in International Economics

Q : Current account of Indias Balance of

State the items that are not involved in the current account of India’s Balance of payment. Answer: The capital transactions is in the form of direct and portf

Q : Kind of exchange rate State which kind

State which kind of exchange rate has no official intervention in foreign exchange market? How it is recognized?

Q : Key challenges to india's economic

Identify the key challenges to india's economic development. To what extent the second generation reforms will tackle the current challenges of india's development

Q : Define Managed floating rate system

Managed floating rate system: This is a system in which foreign exchange rate is found out by market forces and central bank is a key contributor to stabilize the currency in condition of tremendous appreciation or depreciation.

Q : Rise in the exchange rate-always good

‘The pound has enhanced today on the foreign exchange market’ is a general media comment whenever the pound sterling appreciates. When the pound appreciates is it always excellent news for business and the economy?’

Q : Circular flow model In simple circular

In simple circular flow model, the only entities which finally consume goods, own resources, pay taxes or bear the loads of inflation, experience joy, or suffer pain, are as: (i) corporations. (ii) Households. (iii) Government agencies. (iv) Business

Q : Problems suppose that an investor has

suppose that an investor has an extra cash reserve of $1000000 to invest for one year. annually rate is 10%

Q : Components of capital account of

Components of capital account of balance of payment: A) Borrowing and lending to and from abroad.B) Change in foreign exchange reserves C) Investment to and from abroad.

Q : Why Supply of foreign exchange is made

Supply of foreign exchange: (A) By exports of services and goods(B) Direct foreign investment in residence country(C) For approximate purchases by non-residents in the home country(D) Remittances

Q : Gasoline market-Demand and supply

Let us suppose that US gasoline market has the demand and supply curvesQd = 10 – 0.5PdQs = -2 + Ps when Ps ≥ 2 and Qs = 0 if Ps < 2,

Discover Q & A

Leading Solution Library

Avail More Than 1412885 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1951209
Asked

3,689

Active Tutors

1412885

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment