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emilyhoffman emilyhoffman
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3 years ago
Carefully explain the relationship between the number of jobs in a country and international trade.
 
  What will be an ideal response?



Question 2 - What benefits did an overvalued currency offer a domestic economy in the ISI period? Which sectors were typically harmed by overvalued currencies?
 
  What will be an ideal response?



Question 3 - National savings is important for all of the following reasons EXCEPT
 
  A) it can be used to consume additional foreign goods.
  B) it can be used to fund private investment.
  C) it can be used to fund government investment.
  D) it can be used to fund foreign investment.



Question 4 - A financial crisis brought on by volatile capital flows
 
  A) is usually inevitable given underlying conditions.
  B) does not happen to countries with strong international positions.
  C) is often preceded by capital inflows and an increase in foreign liabilities.
  D) is usually the result of high budget deficits.
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sandhya@123sandhya@123
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3 years ago
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[ 1 ]  International trade has little effect on the number of jobs in a country in the long run. The number of jobs is far more closely linked to the age and size of the population, labor market policies, the business cycle, and macroeconomic policies. However, trade may have an impact on the kinds of jobs that are available in an economy. Trade may also have some impact on wages, particularly on the wage stagnation observed in the last decade or so, although evidence on this is mixed.

[ 2 ]  Overvalued exchange rates made it easier for targeted industries to buy imported capital goods and kept urban workers more allied with political leaders because foreign goods were relatively less expensive. It made it difficult to export, especially for the traditional commodity producers, which hurt investment and income in rural areas. Non-targeted industries lost sales and production. Industrial investment was too capital intensive and unable to create jobs fast enough to absorb labor leaving rural areas.

[ 3 ]  A

[ 4 ]  C
This verified answer contains over 220 words.
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