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Peter Pundit, an economics reporter,




3. Peter 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?


Paper#28575 | Written in 18-Jul-2015

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