The nation as a whole is better off from trade as long as the gains from the winners exceed the losses from the losers

Briefly discuss the risks of unexpected changes in exchange rates and how these risks affect the use by a multinational enterprise (MNE) of borrowing foreign currency to fund its foreign affiliates.

What will be an ideal response?

Slower real wage growth in the U.S. since the 1970s accompanied by rapid job growth, can be explained by:

A. skill-biased technological change. B. a productivity slowdown accompanied by a decrease in the labor supply. C. globalization. D. a productivity slowdown accompanied by an increase in the labor supply.