1.- The table below provides information on Hungary for 2003 and 2014. Define trade creation and trade diversion. i. ii. Obtain trade creation and trade diversion effects of economic integration (after joining the EU) for Hungary. Explain both the method used for calculation and your results. Thousands of millions of euros 2003 2014 GDP 75 103 Exports 42 94 Imports 45 86 Imports from EU 25 64
1.- The table below provides information on Hungary for 2003 and 2014. Define trade creation and trade diversion. i. ii. Obtain trade creation and trade diversion effects of economic integration (after joining the EU) for Hungary. Explain both the method used for calculation and your results. Thousands of millions of euros 2003 2014 GDP 75 103 Exports 42 94 Imports 45 86 Imports from EU 25 64
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter23: The International Trade And Capital Flows
Section: Chapter Questions
Problem 32CTQ: Occasionally, a government official will argue that a country should strive for both a trade surplus...
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