Global Economics

Why would the failure to create a unified EU labor market be particularly harmful to the prospects for a smoothly functioning EMU, if at the same time capital is completely free to move among EU countries? Please explain by Optimum Currency Area Theorem Sample...

Global Economics

An important assumption underlying the DD-AA model is that other things equal, a real depreciation of the home currency immediately improves the current account, while a real appreciation causes the current account immediately to worsen. Explain graphically under what...

Global Economics

Select a country of your choice (other than Saudi Arabia) and discuss its comparative advantage—the sources and the challenges. What is the role of the government? Does the government provide additional investment? What could increase their advantage Embed course...

Global Economics

(a) Using a demand/supply diagram, illustrate and explain the effects of the imposition of an export tax on a good Y by a home country’s government on (i) The home country’s consumers of Y, (ii) The home country’s producers of Y, and (iii) The home government’s tax...