Omega College Economics Final 307

Describe what is considered the Infant Industry Argument and state whether or not it would be beneficial in the new Bahamian economy as the country obtains WTO status? The government announced at one of its press briefings that it would adopt this strategy to protect the hand sanitizer manufacturers. Would this be supported under the WTO?

How does imperfect competition affect the Bahamas strategic trade policy? Cite a real world example to support your position.

With oil being at historical lows can you recommend an economic tool that BPL employ as strategy? What impact would this have on the consumers? Can it be a lasting strategy?

Describe using example two of the three characteristics of Money.

Should the Bahamas convert its reserve currency to the Gold standard? What would be one advantage to the Bahamas?

The Central Bank has pegged the B$ to the US $ based on your reading what are some of the trading advantages to the Bahamas because of this?

Describe 2 of the gains from Trade related specifically to Capital Market Trade? Are they prevalent in the Bahamas? Why or Why not?

Describe two types of institutions involved in trading on the International Capital Market here in the Bahamas? What is the purpose of these institutions?

Describe citing examples what the shadow banking system is and state one effect it has had on the Bahamian economy?

Describe 3 features of a developing country as defined in International Economics citing examples here in the Bahamas?