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Author Question: The majority of countries in the world have some type of fixed exchange rate system. Indicate ... (Read 31 times)

BRWH

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on: Jun 30, 2018
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

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Reply #1 on: Jun 30, 2018
Answer to Question 1

TRUE

Answer to Question 2

D


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BRWH

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Reply #2 on: Jun 30, 2018
Correct answers!


shailee

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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