Can the United States producers compete with producers in countries with cheap labor? What else is important to consider besides wage rates?
Can the United States producers compete with producers in countries with cheap labor? What else is important to consider besides wage rates?
Homework Answers
Yes they can definetly. Better technology, better skills of labour, less costs of other inputs like electricity and sell, better management practices, Better R&Detc can easily help usa producers to overcome labour cost disadvantage. These factors mentioned above are important to consider besides wages
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Can the United States producers compete with producers in countries with cheap labor? What else is important to consider besides wage rates?
How do corporate tax rates in the United States compare to those of other countries around...
How do corporate tax rates in the United States compare to those of other countries around the world? Have rates in the United States changed? Should this be a concern for the U. S. economy? Does this have any impact on the ability of U. S. companies to compete globally? What does double taxation of corporate income mean? Could corporate income ever be subject to triple taxation? response should contain at least 100 words
Unemployment rates have been higher in many European countries in recent decades than in the United States. At the same...
Unemployment rates have been higher in many European countries in recent decades than in the United States. At the same time, the unemployment rates differ among different countries in the Euro Area. Explain what are the main reasons for this difference in unemployment rates between Europe and the United States, and among European countries?
When the United States raises interest rates, it tends to have consequences for countries around the...
When the United States raises interest rates, it tends to have consequences for countries around the world. what are some of the consequences?
Consider the following model of the labor market in the United States. Suppose that the labor...
Consider the following model of the labor market in the United States. Suppose that the labor market consists of two parts, a market for skilled workers and the market for unskilled workers, with different demand and supply curves for each as given below. The initial wage for skilled workers is $20 per hour; the initial wage for unskilled workers is $7 per hour. a. Draw the demand and supply curves for the two markets so that they intersect at the...
Problem 5 United States, now-a-days, outsources a lot of their computer programming works to countries like...
Problem 5 United States, now-a-days, outsources a lot of their computer programming works to countries like India and Bangladesh. This shift has undoubtedly led to severe reduction in wages for some programmers in the United States. a) How is this wage cut possible when the overall wages of skilled labor are rising in the United States as a whole? b) What argument would trade economists make against seeing these wage cuts as a reason to block outsourcing of computer programming...
Which trading partners are most important to the United States? This can be measured in terms...
Which trading partners are most important to the United States? This can be measured in terms of total exports, total imports, or total exports plus imports. Support your answer with necessary data. Which countries have the largest trade deficits and trade surpluses with the United States?
What are the important factors that we in the United States should consider in addressing our...
What are the important factors that we in the United States should consider in addressing our short-term and long-term budget problems?
When economists refer to labor, what type of workers are they referring to? Discuss the hourly wage of production worker...
When economists refer to labor, what type of workers are they referring to? Discuss the hourly wage of production workers between the United States and some European countries.
7. Fetzer valves can be made in either China or the United States, but because labor...
7. Fetzer valves can be made in either China or the United States, but because labor in the United States is more skilled, on average, than labor in China, the production technologies differ. Consider the two production isoquants in the figure on the next page. Each represents either the production technology for the United States or for China. Based on the MRTS, which production isoquant is more likely to repre- sent the United States and which represents China? Explain Capital...
PROBLEM 1 Consider the typical HO setting: 2 countries, the United States and Canada, produce two goods,...
PROBLEM 1 Consider the typical HO setting: 2 countries, the United States and Canada, produce two goods, maiz (corn) and cloth, with two factors, land and labor. Both countries share the same tastes and the same technology. Maiz production is land intensive, and therefore cloth production is labor intensive. Furthermore, resource endowments are as follows: in the US there are 100 units of labor and 100 of land, in Canada there are 60 units of labor and 90 of land. Which...
7. Fetzer valves can be made in either China or the United States, but because labor in the United States is more skilled, on average, than labor in China, the production technologies differ. Consider the two production isoquants in the figure on the next page. Each represents either the production technology for the United States or for China. Based on the MRTS, which production isoquant is more likely to repre- sent the United States and which represents China? Explain Capital...
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