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Author Question: The ratio of a country's average export price to its average import price is (a) its absolute ... (Read 37 times)

captainjonesify

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on: Jun 30, 2018
The ratio of a country's average export price to its average import price is
 
  (a) its absolute advantage.
  (b) its comparative advantage.
  (c) its terms of trade.
  (d) its exchange rate.

Question 2

What are the main features of the Harris-Todaro model of rural-urban migration?
 
  What will be an ideal response?


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akemokai

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

C

Answer to Question 2

Rational economic decision based on costs/benefits. The reward to migration is expected rather than actual urban income. The probability of obtaining an urban job depends on urban employment rates. High rates of urban unemployment are inevitable.


captainjonesify

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

ryhom

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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