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Author Question: Changes in relative prices occur when A) all prices move together. B) all exchange rates move ... (Read 59 times)

Garrulous

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

C

Answer to Question 2

A


Garrulous

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Reply 2 on: Jun 30, 2018
Excellent

kjohnson

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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