What will be the impact in the short run and the long run on the wage and the distribution of employment in the German economy between capital and labor-intensive sectors as a result of the recent inflow of significant numbers of immigrants from Africa and the Middle East?
Explain why a gravity equation may predict a greater volume of trade between the United States of America and the European Union than a gravity equation for U.S.A. and Mexico, even though the U.S.A. and Mexico share a border