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Author Question: Refer to Table 7-6. If the actual terms of trade are 1 belt for 1.5 swords and 50 belts are traded, ... (Read 26 times)

dakota nelson

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on: Jun 29, 2018
Refer to Table 7-6. If the actual terms of trade are 1 belt for 1.5 swords and 50 belts are traded, how many swords will Morocco gain compared to the without trade numbers?
 
  A) 0 B) 15 C) 60 D) 75

Question 2

Refer to Figure 5-1. The market equilibrium price is
 
  A) 60. B) 50. C) 40. D) < 40.


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thall411

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


dakota nelson

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

xiaomengxian

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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