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If unit labor costs in Spain and Portugal rise, however unit labor costs in Germany decline and other producer prices remain unchanged, what effect must these factors by themselves have on export trade and describe why?

What three factors find out whether two economies with separate fiscal and monetary authorities must form a currency union? prepare down an illustration of each factor by using NAFTA economies. 

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M923714

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