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Author Question: Changes in relative prices occur when A) all prices move together. B) all exchange rates move ... (Read 98 times)

Garrulous

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Changes in relative prices occur when
 
  A) all prices move together.
  B) all exchange rates move together.
  C) product prices change at different rates.
  D) exchange rate appreciation is greater than price appreciation.

Question 2

Refer to the figure above. If A forms a customs union with B, the value of trade diversion will be
 
  A) 0.
  B) 10,000.
  C) 20,000.
  D) 40,000.



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efwsefaw

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Answer to Question 1

C

Answer to Question 2

A




Garrulous

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Reply 2 on: Jun 30, 2018
Excellent


cici

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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