Author Question: The member countries under the EMS (European Monetary System) let their currencies float jointly ... (Read 45 times)

imanialler · **on:** Jun 30, 2018

The member countries under the EMS (European Monetary System) let their currencies float jointly among themselves, but maintained a fixed exchange rate against the rest of the world.

Indicate whether the statement is true or false

Question 2

One way in which the Heckscher-Ohlin model differs from the Ricardo model of comparative advantage is by assuming that ________ is (are) identical in all countries.

A) factor endowments
B) scale of production
C) factor intensities
D) technology
E) opportunity costs