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"From 1950 to 2000, manufacturing employment as a percentage of total employment in the US economy fell from 28% to 13%. At the same time, manufacturing output experienced slightly more rapid growth than hte overall economy.a) What do these facts say about growth in labor productivity in manufacturing?b) In your opinion, should policy makers be concerned about the decline in the share of manufacturing employment? Explain.
Suppose that a nation faces a balance of payments deficit with high unemployment. Determine what exchange-rate adjustment can be made to solve these problems?
Some nations do not protect human rights in the similar manner as the US. At times, the U.S. should threaten to restrict United States imports from or investment in a particular nation if it does not correct human rights violations.
The Republic of Republic produces 2-goods, marshmallows and soda water. In 1994, the one hundred units of MM produced sold for $3 a unit and 50 units of SW produced sold for $1 a unit.
Tokyo's streets are characterized by a plethora of vending machines-dispensing everything from soft drinks, candy bars, and cigarettes to magazines, personal toiletries and beer. Unlike other major cities such as New York and London.
Productivity is found by dividing the country's gross domestic product by the number of people employed. Only part of the U.S. productivity growth,can be explained by the longer hours Americans are putting in.[The U.S.] also beats all 27 nations in..
Looking back to the book, it discusses the Japanese government and their government cutting taxes. Do you believe the Japanese were right or wrong to use Fiscal Policy in that manner Why or why not
The theory of the 2nd best leaves welfare economists high and dry since not only does it abolish established objectives of 1stbest situations,
If Boeing's dollar aircraft prices increase 20% and the yen/dollar exchange rate declines 15%, what effective price increase is facing Japan Air Lines for teh purchase of Boeing 747 Would boeing's margin likely rise or fall
The Economist reports that the interest rate per year is 5.93 percent in the United States and 70.00 percent in the Turkey,in the October 23, 1999 issue.
Discuss and describe the difference between absolute advantage and comparative advantage. Determine the significance of each in international trade processes?
The participation of women in the U.S. labor force has risen dramatically since 1970. How do you think this rise affected GDP Imagine a measure of well-being that includes time spent working in the home and taking leisure.
What are freely floating exchange rates all about, and how do they work How can the falling U.S. dollar impact your travel expenses Why would a cheap dollar relative to other nations' currencies be good or bad for U.S. trade
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