Author Question: If absolute PPP held, then the real exchange rate must be equal to A) a constant. B) one. C) ... (Read 64 times)

hbsimmons88 · **on:** Jun 30, 2018

If absolute PPP held, then the real exchange rate must be equal to

A) a constant.
B) one.
C) zero.
D) a positive number.

Question 2

The U.S. factor of production that is most likely to be made worse off because of NAFTA (because its factor payment will fall) is

A) unskilled labor.
B) skilled labor
C) capital
D) All of the above will be made worse off.