According to economists, productivity can be increased by Group of answer choices - improving the education of workers - raising minimum wages - raising union wages - restricting trade with the foreign countries

Q: Due to national differences in economy, politics, and legal systems it result in a wide range of…

A: Labor relation: It refers to the system under which the employees and employers take various…

Q: xplain how free international trade should lead to the equalisation of factor prices between…

A: How free international trade should lead to the equalization of factor prices between countries…

Q: Critically evaluate the outward-oriented and import substitution policies pursued by developing…

A: Outward-oriented policies give emphasis on exports of a country. Import substitution policies also…

Q: As a businessman how globalization affects the importation and exportation of products.

A: Meaning of Globalization: The term globalization refers to the situation under which there are two…

Q: Cultural globalization, it happens when there is a diffusion of commodities, of ideas phenomenon by…

A: Globalization is a phrase used to describe how trade and technology have connected and…

Q: total production) than smaller countries? a) Smaller countries tend to be poor so there are not…

A: International trade refers to the exchange of goods and services across borders.

Q: From the point of view of the domestic standard of living, a country should a. welcome cheap imports…

A: From the point of view of the domestic standard of living, a country should c. impose tariffs to…

Q: How is regionalism different from and yet part of globalization? What is the difference between…

A: Regionalism is a political philosophy that looks to build the political force, impact, and…

Q: Globalization tends to:   Group of answer choices   increase the labor demand for exporting…

A: Globalization is defined as the integration of one economy with the rest of the world. With the help…

Q: Income inequality as a result of globalization: Is rising in the industrialized and developing…

A: Globalization refers to the process of integrating one economy with other. Globalization includes…

Q: Brazil Mexico Soya per unit of labor 0.05 0.02 Corn per unit of labor 1.25 1.40 At what…

A: According to the question, the comparative advantage for the per unit of labour given between…

Q: You are an IMF official going to a country whose export earnings are not able to pay for imports.…

A: International Monetary Fund is a global association financed to a great extent by industrialized…

Q: Industrially advanced countries can help developing countries by discouraging arms sales to DVCs.…

A: Developing countries (DVCs) are those countries which have not yet achieved their true growth…

Q: Identify whether the given items are examples of imports, exports, or neither. Assume the United…

A: Export refers to trading of goods and services from domestic country to foreign country. Import…

Q: A country in Southeast Asia has a cheaper manufacturing labor rate than America. How is this termed?…

A: Comparative advantage refers to producing the goods and services at lower opportunity cost. It means…

Q: The expansion of world trade implies that nations are becoming less dependent on each other for…

A: Globalisation means that trade expansion beyond the domestic boundaries . Country can sell or…

Q: Countries with the highest ratios of trade to GDP, calculated as (imports + exports)/2, tend to…

A: b Highest gains from trade   Trade-to-GDP ratio is refer to the indicator in the relative…

Q: Specialization is economically useful because it can   Question 7 options:   Help workers develop…

A: Economies of scale are cost benefits harvested by organizations when creation becomes effective.…

Q: Does a trade surplus help to guarantee strong economic growth?

A: Trade surplus refers to the positive difference between the country’s exports and imports. The…

Q: The claim that international trade promotes sweatshop working conditions in developing nations is…

A: There may be poor working conditions for workers in outsourced counties if their was no minimum…

Q: Does H- O theory predicts actual trade patterns of countries? If yes, support your answer by citing…

A: The Heckscher-Ohlin model is an economic theory that states countries should export what they can…

Q: According to Roland Robertson, a sociologist, globalization meant the simultaneity of both…

A: Globalization is described as the spread of technology, products, jobs, and information across…

Q: Remittances sent by Latino workers abroad...   a. have a negative impact in the national economies…

A: The answer is - b. Are vital to some Central American economies.

Q: Globalization is defined as the process of countries becoming _______ open to foreign trade and…

A: Globalization: Globalization is a cycle of association and mix among individuals, organizations, and…

Q: A growth process whereby relatively poorer nations increase their income by taking advantage of…

A: Catch-up growth: - it is an economic theory that states that the poor or developing countries grow…

Q: The East Asian Miracle countries developed rapidly because they a) adopted successful industrial…

A: Growth and development are two terms having same meaning. Growth is used in broader sense and…

Q: Highlight the basis for trade between two countries with identical demands and different production…

A: Production possibility curve States the tradeoff which are related to resources being allocated in…

Q: Which of the following is an argument for restricting trade?   Question 30 options:   Trade…

A: Free trade is beneficial for all the countries. It might harm one group and benefit other, but the…

Q: In the Heckscher-Ohlin model the factor that a country is abundant in will gain from trade, i.e. its…

A: The Heckscher-Ohlin model suggests that countries export what they are best at producing in…

Q: Large gains from trade are most likely when countries are very different. True False

A: Gains from trade- when two parties are involved in the trade and both of them get something out of…

Q: trade specialize in production based on:     A)  relative inflation rates.   B)  relative…

A: *Answer:

Q: Xenonia has a larger supply of labor than does Inventia. If the labor supply in both countries…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: The discussion on the “backlash over globalization” suggests that: There are no valid reasons for…

A: a backlash over globalization is occurring use to the loss of jobs as companies export work to…

Q: How do we link the concept of globalization with the economic effects resulting from the decline in…

A: The exposure of an economy with the rest of the world is referred to as globalization. Globalization…

Q: To increase growth, governments should do all of the following except: encourage saving and…

A: Economic development refers to improvement in the social welfare of the population residing in a…

Q: Proponents of free trade argue that that liberalisation of trade relationships between rich and poor…

A: The removal or lowering of constraints or barriers to the free exchange of products between states…

Q: Looking at the actual Comparative GDP of the Philippines in Figure 1 (Above figure), how would you…

A: Period Growth rates(%) Q1 2018-19 5.7 Q2 2018-19 5.4 Q3 2018-19 6.3 Q4 2018-19 6.7 Q1…

Q: Which of the following arguments for limitations on trade is more controversial among economists?…

A: In an open economy, government generally intervene in the international trade by using its policies,…

Q: According to the neoclassical trade policy, governments in developing countries often impose tariffs…

A: neo classical theory focus mainly on production being caused by forces of demand and supply. thus…

Q: The proliferation of trade in recent decades has led to    a. increased competition.   b.…

A: Proliferation of trade means multiplication of trade at a high rate.

Q: Fishyland is a small country that focuses on her fishing industry. She has a production function of…

A: The production function of a firm or an industry represents the maximum amount of output an industry…

Q: Which of the following is not an indicator of Globalization Opening the economy for unrestricted…

A: When talking about globalization, it can be said that it is the important part of an economy as it…

Q: the capital-abundant country after it trades with the other nation

A: A country that is capital abundant will export capital-intensive goods; countries that have a…