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

Author Question: According to the human skills theory A) trade patterns depend upon a country's relative endowment ... (Read 66 times)

bcretired

  • Hero Member
  • *****
  • Posts: 525
on: Jun 30, 2018
According to the human skills theory
 
  A) trade patterns depend upon a country's relative endowment of skilled workers.
  B) countries with large endowments of skilled labor will have comparative advantage in skilled labor intensive products.
  C) the Leontief paradox is explained by the fact that the United States is relatively skilled labor abundant.
  D) All of the above.

Question 2

If the central bank does not purchase foreign assets when output increases but instead holds the money stock constant, can it still keep the exchange rate fixed at ? Please explain with the aid of a figure.
 
  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

Jmfn03

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

D

Answer to Question 2

No, the rise in output leads to an excess demand for money. If the central bank does not increase supply to meet this demand, the domestic interest rate would rise above the foreign rate, R. This higher rate of return (and given expectations in the foreign exchange market) would cause the exchange rate to fall below .


bcretired

  • Member
  • Posts: 525
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

bigsis44

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Some viruses that cause human diseases. Some viruses that cause human diseases.
Gate Control Theory, Gate control, Open gate, Closed gate, Pain, Nerve transmission of pain, Pain ma Gate Control Theory, Gate control, Open gate, Closed gate, Pain, Nerve transmission of pain, Pain ma
Patterns of Respiration Patterns of Respiration
human anatomy human anatomy
The major fissures of the human cerebral cortex. The major fissures of the human cerebral cortex.
Annotation of a DNA sequence containing part of the human beta globin gene Annotation of a DNA sequence containing part of the human beta globin gene
Video: Appendicitis Animation

For a complete list of videos, visit our video library