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Author Question: Suppose that the exchange rate between British pounds and U.S. dollars is originally 2.50 per pound. ... (Read 90 times)

cagreen833

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on: Jun 30, 2018
Suppose that the exchange rate between British pounds and U.S. dollars is originally 2.50 per pound. If it then changes to 3 for 1 pound, imports of British goods into the U.S. tend to:
 a. rise.
 b. fall.
 c. stay the same.
 d. change in an indeterminate direction.

Question 2

Many economists believe that skill-biased technical change has increased the incomes of highly skilled workers and decreased the incomes of low-skill workers.
 a. True
  b. False
  Indicate whether the statement is true or false


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Dunkey

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

True


cagreen833

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Reply 2 on: Jun 30, 2018
Wow, this really help

covalentbond

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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