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Tutorial booklet answers 26 short answer questions

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Tutorial Booklet - answersShort answer questions (write a maximum of 100-150 words for each)1. Imagine that you work for the World Bank and you have been called to Namibia to aidthe new president of Namibia come up with a new international trade strategy. Namibia isa small developing country in Africa, with a small manufacturing sector and a largeagricultural sector. You are told that the new government is interested in moving awayfrom agriculture and into manufacturing. The government wants to pursuit a policy ofimport substitution industrialization. Explain what is import substitution industrializationand how can it affect Namibia’s welfare.What role does learning by doing play andwhen does it make sense for the government to interfere?
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2. What role does learning by doing play with import substitution?
Tutorial Booklet - answersTUTORIAL 101.According to the Cournot model if Toyota and GM produced identical cars, had thesame marginal costs, and if the transportation costs between Japan and the US was zero,then
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