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

Author Question: Refer to Table 2-9. Does either Japan or Thailand have an absolute advantage and if so, in what ... (Read 74 times)

wrbasek0

  • Hero Member
  • *****
  • Posts: 560
on: Jun 29, 2018
Refer to Table 2-9. Does either Japan or Thailand have an absolute advantage and if so, in what product?
 
  A) Thailand has an absolute advantage in rice.
  B) Japan has an absolute advantage in wristwatches.
  C) Japan has an absolute advantage in rice.
  D) Thailand has an absolute advantage in both products.

Question 2

According to the theory of purchasing power parity, if the inflation rate in the United States is greater than the inflation rate in Canada, explain what should happen to the exchange rate between the U.S. dollar and the Canadian dollar.
 
  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

prumorgan

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

The value of the U.S. dollar should decline relative to the value of the Canadian dollar. It will take more U.S. dollars to buy a Canadian dollar.


wrbasek0

  • Member
  • Posts: 560
Reply 2 on: Jun 29, 2018
:D TYSM

skipfourms123

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Body mass index table. Body mass index table.
Assistance in getting off the massage table. Assistance in getting off the massage table.
Finish with bilateral stroking to the entire back. Stand at head of the table with fingers pointing ... Finish with bilateral stroking to the entire back. Stand at head of the table with fingers pointing ...
With the arm placed on the table, apply effleurage over the entire upper limb as a reconnecting and ... With the arm placed on the table, apply effleurage over the entire upper limb as a reconnecting and ...
table table
Refer to (d) in the figure above. This rectifier arrangement Refer to (d) in the figure above. This rectifier arrangement
Video: Nerve Impulse Transmission Animation

For a complete list of videos, visit our video library