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exeek a. Explain how the existence of imperfect markets has ledto the establisherent of subsidares...

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Economics

exeek a. Explain how the existence of imperfect markets has ledto the establisherent of subsidares in foregn markers. Because ofimperfect markets, resources can always be easily rebieved by theMNC, although it is of Nigh costs, and therefore the MNC goes tothe resources at a lower cost. II. Because of imperfect maskets,resources con always be eash and feety retirved by the MWC, butbecause of pavernment regulations can not be exported from thecoonsty and therefore the MNC must go to the resources rather thanretires resources. Because of imperfect makets, resources cansol beeasily and feely rebreved by the MEN; and therefore the MWC mustsometimes go bo the resources rather than retrieve resources. b. Ifperfect markets existed, would wages, prices, and interest ratesanong coureres be more similar or less similar than underconditions of imperfect markets? Why? If perfect markets esisted,resources would be

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mobile and therefore

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be trasferred to ocher countries. As this occurred, shortages ofresources in any particular country would be

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and the costs of such resources would be

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sumlar across countries.

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