Target is beginning to reach out to online shoppers, this is one of the threats that Walmart needs to pay attention. Walmart should also start an online shopping website which will be a counterpart of Target's online shopping site. Target is also hiring teenagers and helping them earn and this is trendy in social media sites which helps them advertise their stores.
If the post-trade equilibrium with Pc is = Pw = $20, the wage of workers in Foreign relative to the wage of workers in Home will be equal to 2.5.
<h3>What is a Wage?</h3>
A wage is known to be a kind of payment that is said to be paid by an employer to their employee for the work that they have done in a given amount of time.
Note that from the question;
aLW = 5 hours per gallon
a*LC = 2 hours per pound
SO to find the wage = 5/2
= 2.5
Therefore, If the post-trade equilibrium with Pc is = Pw = $20, the wage of workers in Foreign relative to the wage of workers in Home will be equal to 2.5.
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aLC = 6 hours per pound
aLW = 5 hours per gallon
a*LC = 2 hours per pound
a*LW = 6 hours per gallon
In post-trade equilibrium with Pc = Pw = $20, the wage of workers in Foreign relative to the wage of workers in Home will be equal to:
To increase the money supply in the economy
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Answer:
C: Refers to a situation where a government does not attempt to influence through quotas or duties what its citizens can buy from another country.
Explanation:
A concept of<em> international trade</em>, in which the barriers to import or export are reduced and every country can trade freely. Further the govt is prohibited to influence the trade by any means.