Author Question: The majority of countries in the world have some type of fixed exchange rate system. Indicate ... (Read 117 times)

BRWH

  • Hero Member
  • *****
  • Posts: 553
The majority of countries in the world have some type of fixed exchange rate system.
 
  Indicate whether the statement is true or false

Question 2

Which of the following is true?
 
  A) Adam Smith proposed the theory of comparative advantage as the basis for trade in The Wealth of Nations.
  B) David Ricardo proposed the theory of absolute advantage as the basis for trade.
  C) Absolute advantage is based on comparing the opportunity costs of trading partners.
  D) The Ricardian model assumes labor is perfectly mobile.



shailee

  • Sr. Member
  • ****
  • Posts: 392
Answer to Question 1

TRUE

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

BRWH

  • Hero Member
  • *****
  • Posts: 553

shailee

  • Sr. Member
  • ****
  • Posts: 392

 

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

For a complete list of videos, visit our video library