Why would a country opt for free trade when some workers remain unemployed in the import-competing sector?
Question:
Why would a country opt for free trade when some workers remain unemployed in the import-competing sector? Given the real wage rate in Thailand is higher than that in Bangladesh, how would international trade affect real wages between them under a perfectly mobile labor movement?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Answer Opting for Free Trade Despite Unemployment in the ImportCompeting Sector Efficiency and Comparative Advantage Countries opt for free trade because it allows them to specialize in the production ...View the full answer
Answered By
Gaurav Soni
Teaching was always an area where I can pursue my passion. I used to teach my friends and junior during my school and college life. After completing my professional qualification (chartered accountancy) and before joining my job, I also joined an organization for teaching and guidance to my juniors. I had also written some articles during my internship which later got published. apart from that, I have also given some presentations on certain amendments/complex issues in various forms.
Linkedin profile link:
https://www.linkedin.com/in/gaurav-soni-38067110a
5.00+
7+ Reviews
13+ Question Solved
Related Book For
International Economics Theory And Policy
ISBN: 9781292409719
12th Edition
Authors: Paul Krugman , Maurice Obstfeld, Marc Melitz
Question Posted:
Students also viewed these Business questions
-
Why would a country opt for free trade while some workers remain unemployed in the import-competing sector? Given the real wage rate in Thailand is higher than that in Bangladesh, how would...
-
Case Study 2 (questions at the end of the document) By Colleen Haight Summer 2011, Stanford Social Innovation Review, Informing and Inspiring leaders of social change Jesus Lopez Hernandez picks ripe...
-
MCQ questions: 1. An increase in oil prices, such as the oil shocks in the 70s, lead to _______ thereby causing ________ a movement along the AS curve; cost-push inflation a leftward shift in the AS...
-
tell us about a product or service that has been a hit by changing the product's target or the company's position. And why do you think it worked
-
A personal holding company incurs $30,000 in circulation expenditures and currently deducts the entire amount for regular tax purposes. Calculate the related AMT adjustments for the current year and...
-
Current-year balance sheet of a company shows beginning and end inventories of $100.3M million and $71.2M million, respectively. The net revenue from sales for the year is $230.3M million and the...
-
Match Company, a manufacturer of tennis rackets, started production in November 2002. For the preceding 5 years Match had been a retailer of sports equipment. After a thorough survey of tennis racket...
-
On December 31, the end of the first year of operations, Frankenreiter Inc. manufactured 25,600 units and sold 24,000 units. The following income statement was prepared, based on the variable costing...
-
How should you measure a company's common stock account? Question 1 options: The number of common shares issued multiplied by the stock's par value per share. The number of common shares outstanding...
-
In the United States, where Internet services are cheap, the ratio of capital to labor used is higher than that of capital used in accounting services. But in other countries, where Internet services...
-
Why do governments set the living standards of the people by setting the minimum wage?
-
Chandler Retail has a December 31 fiscal year end and the company sells more merchandise in November and December than in any other month. The company has a "no questions asked" policy in terms of...
-
Assignment is due no later than 11:59pm ET on Thursday March 9 th , 2023 and is to be submitted through Learn @ Seneca (formerly Blackboard) in a .DOC or .DOCX file format. Do not include the...
-
Analyse the case a company on a winning course! In light of your consulting firm's reputation, President and CEO of Protect has asked you to recommend HR management strategies to build a sense of...
-
Assume that your company is planning to implement a new information system to improve its operations. For this purpose, the company top management is evaluating two information systems project...
-
Research 2 Corporate Travel Agency / Travel Management Company (1 local (Philippines), 1 international) with the following details I. Company Name and Background Name, Logo, Location, Background II....
-
It is typical for the growing companies such as Amazon, Google, Twitter, Zoom etc. not to share their profits by distributing dividends to shareholders, as they believe that the companies have enough...
-
What are the major factors that firms consider when choosing a country in which to locate?
-
QUESTION 2 The CEO of Farisha Hijab Sdn Bhd insisted on further investigation to be carried out that he also required Mr Muaz to conduct the analysis of variance for the material and labour of the...
-
Suppose that you are an advisor to a health team working in a poor country. In that country, 20 percent of the children below the age of five die of a particular disease each year. If the health team...
-
What are the definition of and the root of the study of economics? How does a combination of scarce resources and unlimited wants force people to make economic decisions? How are value judgments and...
-
If resources are scarce and if people are always wanting more than the economy can provide, how is it possible that we would have unemployment?
-
4. Qu tipo de empresas podran emplear un mercado de empresas privadas? Qu tipo de empresas podra participar en el mercado de una empresa privada? Cmo es un mercado de empresas privadas diferente de...
-
Camby Corp. can make one of the following four products: Product 1 Product 2 Product 3 Product 4 Selling price per unit $109.00 $186.00 $306.00 $45.00 Variable cost per unit $38.00 $120.00 $191.00...
-
If the order quantity (Q) for raw materials is increased, how does it affect ordering cost and/or holding cost? Group of answer choices Holding cost decreases No impact on ordering and holding costs...
Study smarter with the SolutionInn App