Illustrate what do you think will characterize the goods

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Reference no: EM1344150

Q. Peter Pundit, an economics reporter, states which the European Union (EU) is increasing its productivity very rapidly in all industries. He claims which this productivity advance is so rapid which o/p from the EU in these industries will soon exceed which of the United States also, as a result, the United States will no longer benefit from trade with the EU.

a. Do you think Peter Pundit is correct or not? If not, illustrate what do you think is the source of his mistake?

b. If the EU also the United States continue to trade illustrate what do you think will characterize the goods which the EU exports to the United States also the goods which the United States exports to the EU?

Reference no: EM1344150

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