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i need ans in complete thanks Question 5 (14 points) - Factor mobility a) In terms of migration, economists consider transaction costs. What is meant
i need ans in complete thanks
Question 5 (14 points) - Factor mobility a) In terms of migration, economists consider transaction costs. What is meant by this? What types of transaction costs do exist? Explain. (5 points) b) Against the background of your elaborations in a), what do migrants do in order to reduce transactions costs once they migrate? Explain. (3 points) c) What are vertical foreign direct investments (FDI)? Explain by using an adequate example. Which economic factors determine these FDI? (6 points) Question 5 (14 points) - Factor mobility a) In terms of migration, economists consider transaction costs. What is meant by this? What types of transaction costs do exist? Explain. (5 points) b) Against the background of your elaborations in a), what do migrants do in order to reduce transactions costs once they migrate? Explain. (3 points) c) What are vertical foreign direct investments (FDI)? Explain by using an adequate example. Which economic factors determine these FDI? (6 points)Step by Step Solution
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