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Author Question: The purpose of creating the European exchange rate mechanism (ERM) was to A) base trade and ... (Read 39 times)

Yolanda

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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.


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chloejackso

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Yolanda

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


isabelt_18

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

 

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