QUESTION 44 According to the textbook, one likely short-term effect of NAFTA was that many U.S. and Canadian firms will move some production to Mexico to take advantage of O A. cheaper transportation costs. B. lower interest rates. C. lower labor costs. D. ahigher skilled labor force.

The value of the currency of Country X appreciates relative to the currency of Country Y. How will this affect producers? O A. Producers in Country Y will benefit from a decline domestic competition. B. Producers in Country X will benefit from increased consumption of their goods in Country Y. C. Producers in Country X will benefit from a decline domestic competition. D. Producers in Country Y will benefit from increased consumption of their goods in Country X.

4. Suppose that Egypt and the EU can only trade in cotton and wheat. Egyptian economy is smaller than that of the EU. The opportunity cost of 1 yard of cotton is 1.2 kg of wheat in Egypt. The world price of 1 yard of cotton is 1.1 kg of wheat. If there are no obstacles to trade, all markets are perfectly competitive and transportation is costless, then most likely in the long run. a. Egypt will import both cotton and wheat. b. Egypt will export both cotton and wheat. c. Egypt will export cotton and import wheat. d. Egypt will export wheat and import cotton. 5. For a fixed exchange rate system, if the home demand for the foreign currency increases, then a. The exchange rate is forced to change for sure. b. None of the statements is true c. The supply of the foreign currency by home central bank or treasury department would increase, so that the fixed. d. the supply of the foreign currency by foreign countries would automatically increase, so that the exchange rate

1. Elaborate on "Protection to save jobs". Should the US stop trading with the rest of the world, especially China, in order to save US jobs? Clearly explain!

Critics argue that U.S. industrial policy _____   a. provides too much protection to domestic industries.   b. gives foreign industries an advantage over domestic producers.   c. should shift from a military to a civilian focus.   d. discourages spending on basic research in universities.   e. currently focuses only on developing the airlines industry. Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.

nternational trade benefits a nation whena. its revenue from selling abroad exceeds itsoutlays from buying abroad.b. its trading partners experience reduced economicwell-being.c. all nations are specializing in producing whatthey do best.d. no domestic jobs are lost because of trade.

I may have the answer but I'm not sure

With the opening of trade we would expect that the relatively abundant factor of production would earn... A. an increased relative return B. a decreased relative return C. Uncertain

The goal of multilateral trade agreements is usually toa. equalize the level of tariffs across nations so nonation is disadvantaged relative to others.b. use targeted tariffs to ensure that nationsproduce those goods in which they have acomparative advantage.c. reduce tariffs in various nations simultaneously toblunt political pressure for protectionism.d. ensure that tariffs are used only to promote infantindustries that will eventually become viable.

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.