Question 1 There is no consensus among economists about the impact of trade on wages. Recent research seems to point tow

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Question 1
There is no consensus among economists about the impact of tradeon wages. Recent research seems to point toward the possibilitytrade plays some role in the pattern of wage stagnation and thedecline of recent years, but it is uncertain if its role is director indirect, or if it is large or small. Explain the controversiessurrounding the impact of international trade on wages andjobs.
Question 2
Economies of scale are important determinants of trade patternsbecause they form a separate basis for trade that is in addition tocomparative advantage-based trade. Explain the meaning and theimportance of economies of scale for promoting trade and helpingcountries obtain comparative advantage. Now, in case of Bahrain,explain what the opportunities and challenges are facing thecountry in promoting trade via economies of scale.
Question 3
a) What are the theoretical justification fortargeting the development of specific industries? Explain howinternational trade foster economic development.
b) Suppose you are minister of trade in the government ofBahrain and you would like to impose tariffs on certain goodsimported to Bahrain. What justifications can you give to supportyour policy and convince people in your government that this is theright policy for Bahrain?
answer all the question