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Social Science Clinic => Economics => Topic started by: AEWBW on Apr 19, 2019

Title: If the exchange rate between the United States and Greece changes from $1 = 1 euro to $1 = 2 euros, ...
Post by: AEWBW on Apr 19, 2019

Question 1

Trade allows the people of a country to consume outside their production possibility curve.

◦ true
◦ false

Question 2

If the exchange rate between the United States and Greece changes from $1 = 1 euro to $1 = 2 euros, then holding everything else constant, the price of U.S. goods in Greece will increase.

◦ true
◦ false

Title: If the exchange rate between the United States and Greece changes from $1 = 1 euro to $1 = 2 euros, ...
Post by: AaaA on Apr 19, 2019

Answer 1

true

Answer 2

true

Title: If the exchange rate between the United States and Greece changes from $1 = 1 euro to $1 = 2 euros, ...
Post by: AEWBW on Apr 19, 2019

Thanks

Title: If the exchange rate between the United States and Greece changes from $1 = 1 euro to $1 = 2 euros, ...
Post by: AaaA on Apr 19, 2019

Welcome :)