Opening up free trade dose hurt people in import-competing industries in the short run. But in the

Fantastic news! We've Found the answer you've been seeking!

Question:

“Opening up free trade dose hurt people in import-competing industries in the short run. But in the long run, when people and resources can move between industries, everybody ends up gaining from free trade.” Do you agree or disagree? Explain.

Related Book For answer-question

Microeconomics

ISBN: 9781464146978

1st edition

Authors: Austan Goolsbee, Steven Levitt, Chad Syverson

See More Books

Posted Date: Mar 20, 2020 01:30 AM

See More Questions

Do you agree or disagree that project organizational forms encourage peer-to-peer communications and dynamic problem-solving?
Do you agree or disagree that return on assets is a good way to examine operational efficiency? Why?
Do you agree or disagree with RBV theorists that internal resources are more important than external factors for a firm in achieving and sustaining competitive advantage? Explain your and their...
Can HRM specialists rise to the challenge of promoting standardisation while also remaining the guardians of national culture in an organisation?
Late in 2014, Joan Seceda and four other investors took the chain of Becker Department Stores private, and the company has just completed its third year of operations under the ownership of the...
Harley-Davidson manufactures motorcycles and accessories. Financial information from the 2014 annual report is excerpted as follows: Inventory obsolescence reserves deducted from FIFO cost were $17.8...
This case stems from a rocky relationship between two Texans. Lawrence Shipley was the president of Shipley Do-Nut Flour & Supply Co., and Andrea Vasquez was a substitute school teacher in the...
Duncan Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6 months of 2014, the following data are available. 1. Sales: 20,000...
Prove that if M is a dense linear subspace of a separable Hilbert space H, then H has an orthonormal basis consisting of elements in M. Does the same result hold for arbitrary dense subsets of H?
Binary Star-Different Masses two stars, with masses M, and M2, are in circular orbits around their center of mass. The star with mass M, has an orbit of radius R the star with mass M2 has an orbit of...
The Excel sheet "Engagement" contains the number of rings sold each day of the week in a jewelry store chain in different cities across India. Use sparklines to summarize the data. MONDATUESDA...
Consider the function: f(n) = 50 n 625 The smallest value for no such that V n no 0 f(n) n is
Two people (47 kg and 81 kg) holding hands stand on rollerblades 1.0 m apart. Determine the location of their center of mass (the distance from the 47-kg person). Express your answer to two...
Calculate the insured premium value at CIP=10% for 2 * 40 ft containers valued FCA USD $26,000.00 Ocean freight: USD $6,000.00 total Canadian land and handling: USD $750.00 total Marine premium rate...
What characterization can be provided for the corporate culture that prevailed within Enron during its existence?
Suppose there are two independent economic factors, M1 and M2. The risk-free rate is 7%. Portfolios A and B are both well diversified. Portfolio Beta on M1 Beta on M2 Expected Return A 1.8 2.1 40% B...
Develop a report including analysis of the measurement and recommendations for further changes. Include in your report the following: The suggested changes The steps and cost involved in making the...
In each of the following independent cases, document the system using whatever technique(s) your instructor specifies. a. Dreambox Creations (www.dreamboxcreations.com/) in Diamond Bar, California,...
A young college student on a tight budget is campaigning for an open city council seat. A friend in her economics class estimates that voters are influenced by TV and newspaper ads according to the...
Three consumers, John, Kate, and Lester, are in the market for two goods, dates and eggs. Their willingness to pay for dates and eggs is given in the table below: a. If you are a local farmer who can...
A firm has the production function Q = K0.5L0.5. The wage is W and the rental rate on capital is R. Derive the demands for capital and labor as a function of Q, W, and R.
Let $h_{0}(t)$ denote the hazard function when $\mathbf{x}_{i}=\mathbf{0}$, and $S_{0}(t)=\exp \left(\int_{0}^{t} h_{0}(u) d u ight)$ be the corresponding survival function. If \(h\left(t,...
For the DOS, we are interested in the time to drop out of the study. (a) Create a life table including the number of subjects at risk, the number of failures (new depression), the number of...
Prove that (8.7) provides the ML estimates based on the likelihood (8.5) and (8.6). n \L = [ [ [p (tj, )]^* [1 p (tj, r)]ci S (tj1, T). (8.5) i=1

Opening up free trade dose hurt people in import-competing industries in the short run. But in the

Question:

Expert Answer:

I agree to opening up free trade Import restrictions makes the domestic society ... View the full answer

Microeconomics

Students also viewed these economics questions