5.1: Companies shift physical resources and capital among national markets with

5.1:
Companies shift physical resources and capital among national markets with relative ease. They can move production operations to where labor is cheaper, but laborers generally cannot move to markets where wages are higher.
Question:
Write in 200 words, Why does labor remain the most restricted component of production in terms of its international mobility? Explain.
6.1:
Two students are discussing environmentalists’ claims that trade harms the environment. One student says, “Sure, there may be pollution effects, but they’re a small price to pay for a higher standard of living.” The other student agrees, saying, “Yeah, those ‘tree-huggers’ are always exaggerating those effects anyway. Who cares if a toad in the Amazon goes extinct?
Question:
Write in 200 words, What arguments can you offer to counter these students’ opinions?
7.1:
You overhear your supervisor tell another manager in the company, “I’m fed up with our nation’s companies sending jobs abroad to lower-wage nations. Don’t they have any national pride?” The other manager responds, “I disagree. It’s every company’s duty to make as much profit as possible for its owners. If that means going abroad to reduce costs, so be it.”
Do you agree with either of these managers? Explain in 200 words,
8.1:
Some people believe that the rise of regional trading blocs threatens free trade progress made by the World Trade Organization (WTO).
1. Write in 200 words , What arguments can you present to counter this point of view?
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