You are a lobbyist hired by a less developed country to try to prevent a developed country from increasing trade barriers against labor-intensive manufactured imports such as textiles
Make your case, arguing from both developed and developing country perspectives, in terms of who gains and who loses.
Requires synthesis of the neoclassical theory of international trade as applied to developed countries and benefits of outward looking trade policies from the developing country point of view. Students should note benefits to developed country consumers and developing country incomes.
You might also like to view...
Some laborers are productive, others are less so. How do we measure labor productivity? Why are there differences in labor productivity? a. Labor productivity is capital stock divided by labor, and differences may be explained by differences in the capital-labor ratio
b. Labor productivity is output divided by capital stock, and differences may be explained by differences in the capital-output ratio. c. Labor productivity is capital divided by GDP, and differences may be explained by differences in the capital-output ratio. d. Labor productivity is the change in labor divided by GDP, and differences may be explained by differences in the capital-output ratio. e. Labor productivity is GDP divided by labor, and differences may be explained by differences in the capital-labor ratio.
Which of the following would be counted as a final good for GDP?
a. a used truck b. lumber for construction c. steel for manufacturing d. a new house
Which of the following groups would like to see a rise in the value of the dollar vs. the euro?
A. Americans planning a European vacation. B. Exporters of American made tractors and combines. C. Foreign exchange speculators. D. Europeans planning an American vacation.
A movement from Point A to Point B in Figure 9.5 would result in
A. An increase in aggregate demand. B. A decrease in both aggregate demand and aggregate supply. C. A decrease in aggregate demand. D. An increase in aggregate demand and a decrease in aggregate supply.