This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A country that does NOT engage in trade can benefit from trade only if A) pre-trade and ... (Read 158 times)

rachel9

  • Sr. Member
  • ****
  • Posts: 495
on: Jun 30, 2018
A country that does NOT engage in trade can benefit from trade only if
 
  A) pre-trade and free-trade relative prices are not identical.
  B) it employs a unique technology.
  C) it has an absolute advantage in at least one good.
  D) its wage rate is below the world average.
  E) pre-trade and free-trade relative prices are identical.

Question 2

Under the gold standard, if the dollar price of gold is pegged at 35 per ounce and the dollar/euro exchange rate is set at 2.40 per euro, what must the euro price of gold be pegged at?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

momo1250

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

The euro price of gold is constant and equal to
(35 per ounce) / (2.40 per euro) = 14.58 euro per ounce.


rachel9

  • Member
  • Posts: 495
Reply 2 on: Jun 30, 2018
:D TYSM

brbarasa

  • Member
  • Posts: 308
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Preschoolers benefit from helping with meal preparation, especially with foods they like Preschoolers benefit from helping with meal preparation, especially with foods they like
Colonial Trade with England, 1700–1774 Colonial Trade with England, 1700–1774
David P. Bradley (White Earth Oijbwe, and Mdewakaton Dakota), Indian Country Today. David P. Bradley (White Earth Oijbwe, and Mdewakaton Dakota), Indian Country Today.
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Injuries That Benefit from Burn Center Care Injuries That Benefit from Burn Center Care
Video: Digestive chemicals - water, gastric acid, bile & bicarbonate

For a complete list of videos, visit our video library