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Assume the U.S. and Canada are hit by a negative aggregate supply shock and suppose real wage are flexible in the U.S. but rigid in Canada. Use the labor market and the production function to describe the effect on employment, output, and the real wage in both countries. Where will the effects be more severe?
Explain the activities of multinational corporations (MNC) by applying the classical trade theory and analyze the welfare effects of trans-border flows of labor (migration)
Economists are in almost universal contract that Free Trade is good for all nations. Explain why are they in such universal contract?
What countries would you choose to export and what problems do you see, and why do they trouble you?
A company that produces T-shirts and sells its items in a perfectly competitive market. The manager forecasts the wholesale value of T-shirts next year to be $7.00.
For the U.S. perspective, imports are the goods produced by foreigners, imported to the U.S., and consumed by Americans. Exports are the goods produced by Americans, exported to other countries, and consumed by foreigners. U.S. GDP does not includ..
Suppose that the following output and labor hours for Russia and Germany in manufacturing Wheat and Cloths
My income is $300 a month, the price of good X is $4, and value of good Y is also $4. Given these prices & income, I purchase 50 units of X and 25 units of Y.
China's central bank will raise its reserve ration requirement by a percentage point to a record 17.5 percent by June 25, stepping up a battle to contain lending growth. The increase will freeze up about 422 billion yuan of funds, equivalent to 9..
Who demands U.S. dollar Who supplies U.S. dollar When we purchase German products, does our demand for euro go up or down What are freely floating exchange rates all about, and how do they work
Why is U.S. economic growth important to the average American and what is the best way to measure standard of living of the average person: (use unemployment rate, inflation, & GDP in your answer).Does economic growth ensure all members of a societ..
explain how Alternative Trade: Legacies for the Future supports or challenges your conceptualizations of trade and development. Are there themes that some of you agree upon? Do you disagree on others? Describe your conversation.
Can operate at the upper limit of your competence and can critically analyze and question claims made about the design and deployments of new communication services
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