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

Author Question: Refer to Table 2-9. Does either Japan or Thailand have an absolute advantage and if so, in what ... (Read 77 times)

wrbasek0

  • Hero Member
  • *****
  • Posts: 560
on: Jun 29, 2018
Refer to Table 2-9. Does either Japan or Thailand have an absolute advantage and if so, in what product?
 
  A) Thailand has an absolute advantage in rice.
  B) Japan has an absolute advantage in wristwatches.
  C) Japan has an absolute advantage in rice.
  D) Thailand has an absolute advantage in both products.

Question 2

According to the theory of purchasing power parity, if the inflation rate in the United States is greater than the inflation rate in Canada, explain what should happen to the exchange rate between the U.S. dollar and the Canadian dollar.
 
  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

prumorgan

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

The value of the U.S. dollar should decline relative to the value of the Canadian dollar. It will take more U.S. dollars to buy a Canadian dollar.


wrbasek0

  • Member
  • Posts: 560
Reply 2 on: Jun 29, 2018
Wow, this really help

Jossy

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Important Human Viral Table Important Human Viral Table
A nineteenth-century Japanese portrait of Commodore Matthew Perry, who “opened up” Japan in 1854. A nineteenth-century Japanese portrait of Commodore Matthew Perry, who “opened up” Japan in 1854.
Kobe, Japan Liquefaction of soft fill after a 6.9 Kobe, Japan Liquefaction of soft fill after a 6.9
Absolute Thresholds Absolute Thresholds
Japan’s Urban Landscape Japan’s Urban Landscape
Look at Table 4.2.2. Consumers learn that the rubber ducks wear out batteries quickly. As a ... Look at Table 4.2.2. Consumers learn that the rubber ducks wear out batteries quickly. As a ...
Video: The Lagging Strand in DNA Replication and Replication in Action

For a complete list of videos, visit our video library