Author Question: In the specific factors model, the effects of trade on welfare overall are ________ and for fixed ... (Read 96 times)

jilianpiloj · **on:** Jun 30, 2018

In the specific factors model, the effects of trade on welfare overall are ________ and for fixed factors used to produce the imported good they are ________.

A) positive; negative
B) positive; positive
C) negative; positive
D) ambiguous; positive
E) positive; ambiguous

Question 2

Risk averse people

A) will never hold bonds denominated in several different currencies because of transaction costs.
B) will always hold bonds denominated in several different currencies because of transaction costs.
C) may hold bonds denominated in several different currencies.
D) may hold bonds denominated in several different currencies only if satisfying the well known interest party condition.
E) will hold only domestic bonds because of the home bias effect.