This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A country that does NOT engage in trade can benefit from trade only if A) pre-trade and ... (Read 87 times)

rachel9

  • Sr. Member
  • ****
  • Posts: 495
on: Jun 30, 2018
A country that does NOT engage in trade can benefit from trade only if
 
  A) pre-trade and free-trade relative prices are not identical.
  B) it employs a unique technology.
  C) it has an absolute advantage in at least one good.
  D) its wage rate is below the world average.
  E) pre-trade and free-trade relative prices are identical.

Question 2

Under the gold standard, if the dollar price of gold is pegged at 35 per ounce and the dollar/euro exchange rate is set at 2.40 per euro, what must the euro price of gold be pegged at?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

momo1250

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

The euro price of gold is constant and equal to
(35 per ounce) / (2.40 per euro) = 14.58 euro per ounce.


rachel9

  • Member
  • Posts: 495
Reply 2 on: Jun 30, 2018
Excellent

nanny

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Ivory trade in East Africa during the 1880s and 1890s Ivory trade in East Africa during the 1880s and 1890s
American Foreign Trade, 1790–1812 American Foreign Trade, 1790–1812
In Second Life, multiplayer online game, two avatars engage in virtual courtship. In Second Life, multiplayer online game, two avatars engage in virtual courtship.
Global Links: African Slave Trade Global Links: African Slave Trade
Data Used to Analyze Productivity in Country 1 and Country 2 Data Used to Analyze Productivity in Country 1 and Country 2
Average Annual Growth Rates of Population by Country Group Average Annual Growth Rates of Population by Country Group
Video: Exercise and cardiac output & Definition of stroke volume

For a complete list of videos, visit our video library