Author Question: The purpose of creating the European exchange rate mechanism (ERM) was to A) base trade and ... (Read 38 times)

Yolanda · **on:** Jun 30, 2018

The purpose of creating the European exchange rate mechanism (ERM) was to

A) base trade and investment on comparative advantage.
B) prevent currencies from appreciating.
C) create barriers to trade.
D) let exchange rates float more freely.

Question 2

Using trade barriers to address labor standards does all of the following EXCEPT it

A) leads to deadweight losses.
B) redistributes income.
C) works more effectively for countries that are small relative to the total market.
D) potentially makes conditions worse as production moves to the informal sector.

chloejackso · **Reply #1 on:** Jun 30, 2018

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