It has been observed that all industrialized countries have become "service economies" in recent years. This can be explained by:The arrival of the information age and labor saving innovation in the manufacturing sectorThe use of labor-intensive methods of production in the manufacturing sectorThe restrictive trade practices followed by the industrialized nations.The rise of trade unionism and idle capacity in the manufacturing sector.

Industrialized countries (or developed countries) has high GDP per capita, high standard of living,…

Answered: It has been observed that all…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Use the following chart for the 3 parts Factor Endowments US Belgium Labor 331 11 Capital Stock 100 7 Part 1: According to the chart and the Heckscher-Ohlin theory the US is A. Capital intensive B. Labor intensive C. Both capital and labor intensive D. Best to practice autarky Part 2: According to the chart and the Heckscher-Ohlin theory the US will _________ labor intensive and ________ capital intensive goods. A. Export, export B. Import, export C. Export, Import D. Import, Import E. Practice Autarky Part 3: According to the chart and the H-O model, when these two countries trade A. US capital owners will be winners B. US labor owners will be winners C. Belgium capital owners will be winners D. Belgium labor owners will be winners E. A and D F. B and C
28. Older workers are: A. Much more likely to migrate than younger workers because older workers have lower moving costsB. Much less likely to migrate than younger workers because older workers are more likely to have children at homeC. Much more likely to migrate than younger workers because older workers have lower implicit costs of migratingD. Much more likely to migrate than younger workers because younger workers have stronger roots and ties to the local community
Why did most countries of Latin America follow inward-looking strategies after WWII? List th changes in the economic history of Latin America before WWII. Then list 3 of the components of import-substitution industrialization followed in the region and provide an example of a typical ISI business.
Chose the trrue statement. a. Sincce the mid 1800ss , Unitedd States of America has experienced substantial migration in workforce in the following order: From service sector to agriculture, and then from agriculture to manufacturing. b. Moderniization or advances in technology, and smarrter processes are example factors that have increased manufacturing productivity in the US. c. The Clarrk-Fisher hypothhesis implies that as productivity increases in one sector, the labor force moves to another sector. d. b and c are true.
O Efficiency Which of these economic goals is most important in a command economy? Growth Equit Freedom Efficiency Which of these economic goals is most important in a Traditional
What was mercantilism? Oa. An economic theory carefully elaborated by Adam Smith in The Wealth of Nations Ob.a government policy aimed at achieving national economic self-sufficiency c.a colonial American policy Od.a theory of business of trading primarily with England in order to strengthen political and economic ties organization in which merchants formed joint stock companies to pool their capital
Zagreb International Review of Economics & Business, Vol. 10, No. 1, pp. 33-66, 2007Â© 2007 Economics Faculty ZagrebAll rights reserved. Printed in CroatiaISSN 1331-5609; UDC: 33+65Outsourcing to China: Opportunities, Threats, and StrategicFitIlan Alon*Theodore T. Herbert**J. Mark Munoz***Abstract: China is a prominent outsourcing destination in Asia. International labour outsourcing,specially in the IT sector, has grown rapidly in recent years. This article defines outsourcingthrough an extensive review of the literature and discusses the opportunities and challengesfor outsourcing to China. Seeking strategic â€˜fitâ€™ among the disparate elements that influencethe firmâ€™s outsourcing decision is recommended. The authors explore the IT and businesslandscapes in China and propose strategies for outsourcing success there.Keywords: labour outsourcing, China, information technology, international business,…
Pooch also describes "three innovations" of globalization. These include O growing interdependence and an erosion of national borders. an erosion of trust in national government and increasing digital currency transactions. growing migration and an increase in political violence.

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