Answer to Question #8565 in Microeconomics for rim
1.will the mexico economy produce more or less fish after agreement, will the mexico economy produce more or less coconuts after agreement.?
2. according to first answer, will this agreement help or hurt mexico fishers?will this agreement help or hurt mexico coconut producers?
2. Having more job-seekers available in the national labor market, coconut producers would benefit from smaller price of labor. Surely, Mexican fishermen would have to go through requalification in order to obtain a workplace in coconut industry. Finally, we can conclude, that this agreement between Mexico and Canada will help coconut production in Mexico.
Need a fast expert's response?Submit order
and get a quick answer at the best price
for any assignment or question with DETAILED EXPLANATIONS!