This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The effect of trade on specialized employees of exporting industries will be ________ jobs and ... (Read 46 times)

jake

  • Hero Member
  • *****
  • Posts: 538
on: Jun 30, 2018
The effect of trade on specialized employees of exporting industries will be ________ jobs and ________ pay because they are relatively ________.
 
  A) more; higher; immobile
  B) fewer; lower; immobile
  C) fewer; lower; mobile
  D) more; lower; immobile
  E) more; higher; mobile

Question 2

What is the real exchange rate? What is its relationship to the current account?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jaygar71

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

Defined as: EP /P (the exchange rate multiplied by foreign prices, divided by domestic prices).
While the nominal exchange rate measures how much of a foreign currency one can buy with a unit of domestic currency, the real exchange rate measures how many goods and services one could buy.
A rise in the real exchange rate (a depreciation of domestic currency) means that domestic goods are cheaper compared to foreign goods, so exports increase and imports decrease. Aggregate demand increases and the CA rises. A fall in the real exchange rate has the opposite effect: Aggregate demand decreases and the CA falls.


jake

  • Member
  • Posts: 538
Reply 2 on: Jun 30, 2018
:D TYSM

jomama

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

With tough economic times, a lot of people have lost their jobs—and their homes. If this happens, ... With tough economic times, a lot of people have lost their jobs—and their homes. If this happens, ...
The Greenhouse Effect The Greenhouse Effect
Effect of Landfall Effect of Landfall
The ancestral and modern-day tomato. (b) Phenotypic effect of the fw2.2 transgene in the tomato The ancestral and modern-day tomato. (b) Phenotypic effect of the fw2.2 transgene in the tomato
Position effect, as illustrated in the eye phenotype in two female Drosophila Position effect, as illustrated in the eye phenotype in two female Drosophila
The effect of disruptive selection on bristle number in Drosophila The effect of disruptive selection on bristle number in Drosophila
Video: Hormones and the menstrual cycle Animation

For a complete list of videos, visit our video library