[Answered] As of 2008, the members of the WTO account for 97 percent of the world's international trade. ...

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mspears3

Hero Member
Posts: 586

on: Jun 30, 2018

As of 2008, the members of the WTO account for 97 percent of the world's international trade.

Indicate whether the statement is true or false

Question 2

If the relative price of S in terms of T is 2 and S has a nominal price of 1, then the relative price of T is

A) 2.
B) 50 cents.
C) 1/2 S.
D) Need more information to answer.

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tsternbergh47

Sr. Member
Posts: 311

Reply #1 on: Jun 30, 2018

Answer to Question 1

TRUE

Answer to Question 2

C

mspears3

Hero Member
Posts: 586

Reply #2 on: Jun 30, 2018

Thank you

tsternbergh47

Sr. Member
Posts: 311

Reply #3 on: Jun 30, 2018

No problemo

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