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23. According to Krugman, Obstfeld, and Melitz, assert that despite income distribution effects that result in some being hurt by freer trade most international economists are still strongly in favor of trade One reason these economists do so is that they believe that A. Income distribution effects are specific to international trade. B. It is always better to allow trade and compensate those who are hurt by it than to prohibit the trade. C. Those who stand to gain from increased trade are typically better organized that those who stand to lose. D. It is always better to allow trade and increase the rate of surplus value in both countries. E. None of the above.

23. According to Krugman, Obstfeld, and Melitz, assert that despite income distribution effects that result in some being hurt by freer trade most international economists are still strongly in favor of trade One reason these economists do so is that they believe that A. Income distribution effects are specific to international trade. B. It is always better to allow trade and compensate those who are hurt by it than to prohibit the trade. C. Those who stand to gain from increased trade are typically better organized that those who stand to lose. D. It is always better to allow trade and increase the rate of surplus value in both countries. E. None of the above.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Answer 2nd and 3rd plz

22. According to Krugman, Obstfeld and Melitz, the specific factor model indicates that those who stand to lose most from trade at least in the short run are A. The immobile factors in the export sector. B. The mobile actors in the export sector. The immobile factors in the import-competing sector. Ď. The mobile factors in the import sector. E. None of the above. 23. According to Krugman, Obstfeld, and Melitz, assert that despite income distribution effects that result in some being hurt by freer trade most international economists are still strongly in favor of trade. Öne reason these economists do so is that they believe that A. Income distribution effects are specific to international trade. B. It is always better to allow trade and compensate those who are hurt by it than to prohibit the trade. C. Those who stand to gain from increased trade are typically better organized that those who stand to lose. D. It is always better to allow trade and increase the rate of surplus value in both countries. E. None of the above. 24. According to Krugman, Obstfeld, and Melitz, among workers with doctorate degrees in the US in science, technology, engineering and mathematic (STEM), A. 90 percent are foreign born. B. 60 percent are foreign born. C. 15 percent are foreign born. D. 2 percent are foreign born. E. None of the above.
Transcribed Image Text:22. According to Krugman, Obstfeld and Melitz, the specific factor model indicates that those who stand to lose most from trade at least in the short run are A. The immobile factors in the export sector. B. The mobile actors in the export sector. The immobile factors in the import-competing sector. Ď. The mobile factors in the import sector. E. None of the above. 23. According to Krugman, Obstfeld, and Melitz, assert that despite income distribution effects that result in some being hurt by freer trade most international economists are still strongly in favor of trade. Öne reason these economists do so is that they believe that A. Income distribution effects are specific to international trade. B. It is always better to allow trade and compensate those who are hurt by it than to prohibit the trade. C. Those who stand to gain from increased trade are typically better organized that those who stand to lose. D. It is always better to allow trade and increase the rate of surplus value in both countries. E. None of the above. 24. According to Krugman, Obstfeld, and Melitz, among workers with doctorate degrees in the US in science, technology, engineering and mathematic (STEM), A. 90 percent are foreign born. B. 60 percent are foreign born. C. 15 percent are foreign born. D. 2 percent are foreign born. E. None of the above.
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