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Peter Pundit an economics reporter states that the European Union (EU) is incr
The variable smokes is a binary variable equal to one if a person smokes and z
September 15, 2020EquationsFormulas are equations that have been used so frequently in certain app
September 15, 2020Peter Pundit an economics reporter states that the European Union (EU) is increasing its productivity very rapidly in all industries. He claims that this
productivity advance is so rapid that output from the EU in these industries will soon exceed that of the United States and as a result the United States
will no longer benefit from trade with the EU.
a. Do you think Peter Pundit is correct or not? If not what do you think is the source of his mistake?
b. If the EU and the United States continue to trade what do you think will characterize the goods that the EU exports to the United States and the goods
that the United States exports to the EU?
