PRINCIPLES OF MACROECONOMICS (LL)W/ACC.
PRINCIPLES OF MACROECONOMICS (LL)W/ACC.
7th Edition
ISBN: 9781264088980
Author: Frank
Publisher: MCG
Question
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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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