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Author Question: For any pair of countries, there is only a single exchange rate that can lead to both countries ... (Read 41 times)

Shelles

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on: May 25, 2020

Question 1

For any pair of nations and goods, if each country has an absolute advantage in the production of one product, it is reasonable to expect that specialisation and trade will benefit both countries.
◦ true
◦ false

Question 2

For any pair of countries, there is only a single exchange rate that can lead to both countries realising gains from specialisation and comparative advantage.
◦ true
◦ false
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by Shelles on May 25, 2020

sokh

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Shelles

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Reply 2 on: May 25, 2020
Great answer, keep it coming :)

bigcheese9

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Reply 3 on: Yesterday
Excellent

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