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Author Question: If you remove resources from factory production, the quantity of factory goods will A) increase. ... (Read 282 times)

craiczarry

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If you remove resources from factory production, the quantity of factory goods will
 
  A) increase. B) decrease.
  C) be diverted to other production. D) remain the same but their price will decrease.

Question 2

Refer to the scenario above. What is the purchasing power parity-based exchange rate between the two currencies?
 
  A) 0.4 units of Country 1's currency for 1 B) 2.5 units of Country 1's currency for 1
  C) 1.2 units of Country 1's currency for 1 D) 1 unit of Country 1's currency for 2.50


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phuda

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craiczarry

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


ASDFGJLO

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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