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What will be the greatest Filipino assets in terms of global talents that being required in the global cities? explain briefly. *
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- What is meant by complete specialization? By incomplete specialization? Under the Ricardian model, why are both nations likely to gain from trade in the first instance but only the small nation in the second? (think in terms of the pre and post trade price ratios likely to prevail in each case)Give typing answer with explanation and conclusion How could a multinational corporation benefit from having a diverse and inclusive workforce in the foreign market? How should the structure of an organization that is owned by foreign investors reflect the composition and preferences of the workforce in the market that it operates in?Determine 10 trends/factors that affect the future power growth of a country.
- With free trade, why is wage (income) gap between American skilled and unskilled workers widened? Which of the following is LEAST appropriate for an answer? A. Because American companies producing very expensive products need to hire more skilled workers while American companies producing inexpensive products do not at least hire more of unskilled workers or even reducing the employment of the existing unskilled workers. B. Because American people are willing to buy inexpensive products imported from other developed countries having comparative advantage in producing those inexpensive products rather than inexpensive ones manufactured in the USA. C. Because American companies producing very expensive products need to produce more and more by hiring more American skilled workers as demand for American expensive products from developing countries increases. D. Because free trade allows the USA to focus on specializing in producing very expensive products…Suppose that the per-worker production (labour productivity) function in South Korea is Y over L equals A open parentheses K over L close parentheses to the power of 0.4 end exponent open parentheses H over L close parentheses to the power of 0.6 end exponent. South Korea's labor productivity rises 6% per year, capital-labour ratio rises 5% per year, and human capital per worker rises 2% per year. This information suggests that total factor productivity grows at _________ per year.Choose the three main industries that demanded high numbers of cheap labor in the US, thereby relying on Mexican immigrants. -Railroad maintenance -Translators -Agriculture -Construction of roads -Construction of homes -Livestock -Mining
- Imagine two countries, i and j. You have the following information: si = 2 sj hi= hj 2Ai = Aj What can you infer about long-run income per worker differences between these countries? Explain formally.Suppose country A and B have a labour force of 1 and produce hops and barley using only labour. Country A's unit labour cost are 0.5 for hops and 0.5 for barley, country B's 0.2 for hops and 0.4 for barley. Suppose that both are needed to brew beer in equal quantitiy, so that both national and international demand has the property that equal amounts of barley and hops are demanded. How much more beer (as a percentage) will be brewed under international trade than in autarky? Please enter the percentage rounded to a whole number (up or down is both acceptable) without the percentage sign.Q)5 a)Because of their relatively small national economies, which of the following is most likely considered to be the most important factor for Belgium, Korea, and Canada to take full advantage of specialization? Division of labor International trade Economies of scale b) In a market economy, ___ own(s) the means of production. individuals everyone the government or ruling class c)Which of the following is required for specialization to work? (Choose the best answer) Technology Education Trade solve this early
- Unions in developed nations often oppose imports from low-wage countries and advocate trade barriers to protect jobs from what they often characterize as “unfair” import competition. Is such competition unfair? Do you think that this argument is in the best interest of:(a) the unions, (b) the people they represent, and/or (c) the country as a whole? Answer each points with long essaysFrom 1865-1900, the U.S. exploded onto the world stage as a true industrial power. A number of things contributed to the boom, but one of the biggest reasons was the flood of immigrants that entered the U.S. between 1880 and 1910. Why did these immigrants come to the U.S.? How did they enter the U.S.? In what sort of conditions did they live and work? How did other Americans react to them? Most importantly, explain the impact immigration had on the U.S. as a whole in this time periodThe logic of service outsourcing - The Ricardian model It is sometimes argued in editorials or TV commentaries that the modern wave of outsourcing, especially outsourcing of services to Pakistan, defies the logic of the Ricardian model. Let’s examine if this is actually the case. The following table presents information on labor productivity in computer component production and call center services in Canada and Pakistan. Assume that Canada has an absolute advantage in both. To complete the following table, choose the number of calls that would be most plausible and consistent with the reality of outsourcing services to Pakistan, and indicate the good in which each country has a comparative advantage. Production per Employee Production per Employee Computer Components Call Center Services Country (Units per hour) (Phone calls per hour) Comparative Advantage Canada 18 9 _____ (Call Center Services / Computer Components Production)…