This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose that the exchange rate between British pounds and U.S. dollars is originally 2.50 per pound. ... (Read 120 times)

cagreen833

  • Hero Member
  • *****
  • Posts: 544
on: Jun 30, 2018
Suppose that the exchange rate between British pounds and U.S. dollars is originally 2.50 per pound. If it then changes to 3 for 1 pound, imports of British goods into the U.S. tend to:
 a. rise.
 b. fall.
 c. stay the same.
 d. change in an indeterminate direction.

Question 2

Many economists believe that skill-biased technical change has increased the incomes of highly skilled workers and decreased the incomes of low-skill workers.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Dunkey

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

True


cagreen833

  • Member
  • Posts: 544
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

kusterl

  • Member
  • Posts: 315
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Deforestation in the forests of British Columbia. Deforestation in the forests of British Columbia.
Approximately 1 pound (0.45 kg) of ground elk meat formed into patties; note the relatively small fa Approximately 1 pound (0.45 kg) of ground elk meat formed into patties; note the relatively small fa
Factors that Influence Pulse Rate Factors that Influence Pulse Rate
Enzymatic rate enhancements Enzymatic rate enhancements
Schematic drawing of a permeation test cell used to measure the permeation rate of chemicals through ... Schematic drawing of a permeation test cell used to measure the permeation rate of chemicals through ...
Same pair of homologs, but with an exchange occurring between two nonsister chromatids Same pair of homologs, but with an exchange occurring between two nonsister chromatids
Video: Hormones and the menstrual cycle Animation

For a complete list of videos, visit our video library