Global capital has made labor, for instance, workers in China's Special Economic Zones, (SEZs) disposable. Pick True or...
Homework Answers
True
Disposable labor means the laborers who work in a particular industry, acquire skills related to that and then some time they are removed from their job with no fault of theirs and then are unable to find an equivalent job. The global capital has made acquiring of labors from across the world easier and cheaper, so yes it has made labor disposable.
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Global capital has made labor, for instance, workers in China's Special Economic Zones, (SEZs) disposable. Pick True or...
[9] According to the textbook, China's government has made labor unions illegal. [A] True [B] False...
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China had special economic zones originally in places such as Hong Kong and Shenzhen set up...
China had special economic zones originally in places such as Hong Kong and Shenzhen set up back in the 1980s. Why would the Chinese government support these areas with different rules like no tax on trade or different economic laws? To increase the number of programs where national taxes can be excised. To contribute to economic health and growth by keeping more money in government. To facilitate a healthy economic environment and grow international trade. In order for there to...
1. How has China's position in the global political economy changed over the past thirty years? Does Chinese economic de...
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The global financial and economic crisis of 2007 created instability in the labor market because of unfavorable foreign...
The global financial and economic crisis of 2007 created instability in the labor market because of unfavorable foreign direct investment in underdeveloped countries. True False
True or false and give reasoning for these questions. 1) Growth in labor and capital as...
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Unfair Trade A global recession has hit and you are the economic advisor to a country with a struggling economy and rising unemployment. Your country has a long history of trading with different nations, but due to the recession, labor and business groups are becoming ever more rabid in their pleas for the government to strengthen and enforce trade restrictions. The labor groups argue that too many businesses are trying to cut costs by replacing domestic workers with cheaper foreign...
9. COVID-19 has the potential to re-shape the global economic order. Pick one issue-area covered by...
9. COVID-19 has the potential to re-shape the global economic order. Pick one issue-area covered by the course (e.g., trade policy, international reserve currency, MNCs, foreign aid, remittances, etc.) and explain how COVID-19 could alter the current situation. Be clear about what you expect to change and why, i.e., the causal mechanism that is expected to bring about that change. Also, be sure to use concepts and theories discussed in this course. Finally, stay focused as marks will be deducted...
In positive economic models of the labor market, it is assumed that workers maximize utility (happiness)....
In positive economic models of the labor market, it is assumed that workers maximize utility (happiness). firms maximize profits. resources are scarce. all of these are true. 2 points QUESTION 13 Because of the principle of __________, marginal product of labor decreases as labor increases. economies of scale. diseconomies of scale. diminishing returns. constant returns to scale. 2 points QUESTION 14 The unemployment rate is computed as the number of employed divided labor force. the number of unemployed...
27. If the U.S. government takes the value of in-kind transfers into consideration, the U.S. poverty rate decreases. True False 29. The balance of payments is the domestic price of a foreign currency....
27. If the U.S. government takes the value of in-kind transfers into consideration, the U.S. poverty rate decreases. True False 29. The balance of payments is the domestic price of a foreign currency. True False 30. The inequality trap has a negative impact on human capital development. True False 31. According to Rostow's stages of economic development, poor nations must increase their farm productivity so that some workers can leave farming and move into other industries. True False 32. The...
1. True or False: Suppose there is a significant shock to global financial markets. As a...
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Unfair Trade A global recession has hit and you are the economic advisor to a country with a struggling economy and rising unemployment. Your country has a long history of trading with different nations, but due to the recession, labor and business groups are becoming ever more rabid in their pleas for the government to strengthen and enforce trade restrictions. The labor groups argue that too many businesses are trying to cut costs by replacing domestic workers with cheaper foreign...
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