"Import quotas on capital- intensive industrial goods and subsidies for the import of capital equipment were meant to create manufacturing jobs in many developing countries. Unfortunately, they have probably helped create the urban unemployment problem." Explain this remark. b. Illustrate and explain the following: I. The impact of a nominal depreciation on production and prices

"Import quotas on capital- intensive industrial goods and subsidies for the import of capital equipment were meant to create manufacturing jobs in many developing countries. Unfortunately, they have probably helped create the urban unemployment problem." Explain this remark. b. Illustrate and explain the following: I. The impact of a nominal depreciation on production and prices

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter22: International Finance

Section22.3: Fixed Exchange Rate

Problem 1ST

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