Principles of Macroeconomics
7th Edition
ISBN: 9781260110982
Author: Frank, Robert
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Question
Chapter 16, Problem 5P
(a)
To determine
Identify the earning of foreign workers.
(b)
To determine
Describe the exports and imports of the US, in the case of open trade.
(c)
To determine
Identify the real income of US workers after opening to trade.
(d)
To determine
Describe the policy response help the workers, if it costly for workers to change industries in the short run.
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