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

Author Question: When trade is free, patterns of trade and trade flows result from (Read 130 times)

berenicecastro

  • Hero Member
  • *****
  • Posts: 581
on: Apr 19, 2019

Question 1

Assume that Blade Runner specializes in producing in-line skates and Hang Ten specializes in producing surfboards. After trade Blade Runner exports 800 pairs of in-line skates and imports 200 surfboards. The terms of trade


◦ are 1:4 in-line skates to surfboards.
◦ are 4:1 in-line skates to surfboards.
◦ are 1/4:1 in-line skates to surfboards.
◦ cannot be determined from this information.

Question 2

When trade is free, patterns of trade and trade flows result from


◦ the collective decisions of a few importers and exporters, as well as the governments of the countries in which they reside.
◦ the collective decisions of a few importers and exporters, as well as millions of private households and firms.
◦ the independent decisions of thousands of importers and exporters, as well as millions of private households and firms.
◦ the independent decisions of thousands of importers and exporters, as well as the governments of the countries in which they reside.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by berenicecastro on Apr 19, 2019

C.mcnichol98

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


berenicecastro

  • Member
  • Posts: 581
Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

elyse44

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Your heart beats over 36 million times a year.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Gangrene of the toes and foot as a result of an infection often means eventual amputation. Gangrene of the toes and foot as a result of an infection often means eventual amputation.
Typology of 11 functional health patterns Typology of 11 functional health patterns
In a gear-type oil pump, the oil flows through the pump around the outside of each gear. This is an ... In a gear-type oil pump, the oil flows through the pump around the outside of each gear. This is an ...
Population: Historic Patterns Population: Historic Patterns
Gyres and the Geostrophic Flows Gyres and the Geostrophic Flows
Inflamed skin (dermatitis) can result from pellagra Inflamed skin (dermatitis) can result from pellagra
Video: Factors that affect conduction rates (myelination, axon diameter & temperature)

For a complete list of videos, visit our video library