Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Trade and labor mobility
Suppose that the U.S. dollars-Mexican pesos exchange rate is fixed by the U.S. and Mexican governments. Assume also that labor is mobile between the United States and Mexico due to low transportation costs.
Which of the following situations is likely to happen as a result of a simultaneous increase in the demand for U.S. goods and decrease in the demand for Mexican goods? (pick one)-
--The Mexican unemployment rate increases, and the country undergoes bad economic times for a sustained period.
--The U.S. unemployment rate increases, and the country undergoes bad economic times for a sustained period.
--The Mexican unemployment rate rises at first, but it soon drops as unemployed Mexicans move to the United States for employment.
--The Mexican unemployment rate rises at first, but then it drops as Mexican pesos depreciate against U.S. dollars.
Suppose the U.S. and Mexico both produce 2 goods, tablets and cereal, using 2 inputs, capital (K) and labor (L). The production of tablets is capital-intensive, and that of cereal is labor-intensive.
Using production theory, explain illustrate what will take place to the capital- labor ratio in both the short-run also the long run.
The United States simultaneously limits imports of ethanol for fuel purposes also provides incentives for the utilize of ethanol in gasoline which raise the price of ethanol by about 15 percent.
A business cycle fact is that real wages are pro-cyclical. Using the classical labour market as we have all semester, show and explain how the classical economists explained this business cycle fact.
M is the average income in the United States. What could be the impact on your rm.
Consider an economy that produces food and cloth. Food is produced using land and labor. Cloth is produced using capital and labor. Initially, the world price of food and the world price of cloth are both $1 per unit. Find the equilibrium allocation ..
Utilities which operate nuclear power plants are required to place funds into a "Nuclear Decommissioning Fund" in order to be sure that adequate funds are available to decommission the plant at the end of its useful life. A certain utility requires $..
The article is titled -NY State Wage Board Recommends $15/Hour Pay By 2021 For Fast Food Workers. Please write a reaction memo 1 page single spaced as to your thoughts, ideas, impact on economy, business owners, etc...be creative
Using the Solow growth model with no technology growth and no population growth, write the fundamental equation of capital accumulation per capita and plot the time series for capital per capita, output per capita and consumption per capita when ther..
Discuss whether there should be a different standard of behavior in the workplace compared to personal relationships. Analyze and evaluate the various issues presented while arguing and debating the connections between business, law, politics, and et..
Suppose that long run costs for firms operating in the industry are given by. What is the long run supply curve for the industry? What is equilibrium quantity in the industry?
In the early 1970s, the six largest manufacturers of ready-to-eat breakfast cereals shared 95 percent of the market. Over the proceeding 20 years, these manufacturers introduced over 80 new varieties of cereals. How would you evaluate this strategy f..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd