Author Question: A recent study by Andrew Rose of the University of California showed that, on average, two countries ... (Read 159 times)

crobinson2013 · **on:** Jun 30, 2018

A recent study by Andrew Rose of the University of California showed that, on average, two countries that are members of the same currency union

A) trade three times as much with each other as countries that do not share a currency.
B) trade twenty times as much with each other as countries that do not share a currency.
C) trade ten times as much with each other as countries that do not share a currency.
D) trade six times as much with each other as countries that do not share a currency.
E) trade twice as much with each other as countries that do not share a currency.

Question 2

Refer to the payoff matrix below, which ________ a prisoner's dilemma. If both countries go it alone, Home will choose Policy ________ and Foreign will choose Policy ________.

A) is; 1; A
B) is; 2; B
C) is; 1; B
D) is not; 2; B
E) is not; 1; A