[Answered] The more homogeneous goods are, the more we expect the law of one price to hold. Indicate whether ...

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Author Question: The more homogeneous goods are, the more we expect the law of one price to hold. Indicate whether ... (Read 77 times)

melly21297

Hero Member
Posts: 565

on: Jun 30, 2018

The more homogeneous goods are, the more we expect the law of one price to hold.

Indicate whether the statement is true or false

Question 2

Refer to the table above. Country A has a comparative advantage in

A) beer.
B) wine.
C) both beer and wine.
D) neither beer nor wine.

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trog

Sr. Member
Posts: 343

Reply #1 on: Jun 30, 2018

Answer to Question 1

TRUE
Explanation: It is expected to hold better for homogeneous goods.

Answer to Question 2

A

melly21297

Member
Posts: 565

Reply 2 on: Jun 30, 2018

Thanks for the timely response, appreciate it

Jossy

Member
Posts: 336

Reply 3 on: Yesterday

Excellent

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Author Question: The more homogeneous goods are, the more we expect the law of one price to hold. Indicate whether ... (Read 77 times)

melly21297

The more homogeneous goods are, the more we expect the law of one price to hold. Indicate whether ...

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Need homework help now?

trog

The more homogeneous goods are, the more we expect the law of one price to hold. Indicate whether ...

melly21297

Jossy