Workers displaced by trade eventually find jobs in:

1) the government sector.

2) a different company in the same industry.

3) the industries in which the country has a comparative advantage.

4) another country.

answer

watching

300

views

For unlimited access to Homework Help, a Homework+ subscription is required.

You have 0 free answers left.
Get unlimited access to 3.8 million step-by-step answers.

Get unlimited access

Already have an account? Log in

Joshua StredderLv10

6 Oct 2020

Unlock all answers

Get 1 free homework help answer.

Already have an account? Log in

Related questions

A country has a comparative advantage in producing a good if:

A) it can produce that good at a lower opportunity cost.
B) it will find trade most beneficial when it trades with another country that has a comparative advantage in the same good.
C) it will not find trade beneficial because other country(ies) won't have a comparative advantage in other goods.
D) it must also have an absolute advantage in the good

ultramarinerabbit662

9. According to the theory of comparative advantage, which of the following is not a reason why countries trade?

a. Costs are higher in one country than in another.

b. Prices are lower in one country than in another.

c. The productivity of labor differs across countries and industries.

d. Exports give a country a political advantage over other countries that export less.

Amount of beef or computers produced by one worker in a day

Canada Japan
Beef 6 5
Computers 2 4

2. Which country has the absolute advantage in beef production?
3. Which country has the absolute advantage in computer production?
4. Which country has the comparative advantage in beef production?
5. Which country has the comparative advantage in computer production?
6. What are the limits of the terms of trade? Specifically, when is Canada willing to trade with Japan, and when is Japan willing to trade with Canada?