Question 1
Assume that Blade Runner specializes in producing in-line skates and Hang Ten specializes in producing surfboards. After trade Blade Runner exports 800 pairs of in-line skates and imports 200 surfboards. The terms of trade
◦ are 1:4 in-line skates to surfboards.
◦ are 4:1 in-line skates to surfboards.
◦ are 1/4:1 in-line skates to surfboards.
◦ cannot be determined from this information.
Question 2
When trade is free, patterns of trade and trade flows result from
◦ the collective decisions of a few importers and exporters, as well as the governments of the countries in which they reside.
◦ the collective decisions of a few importers and exporters, as well as millions of private households and firms.
◦ the independent decisions of thousands of importers and exporters, as well as millions of private households and firms.
◦ the independent decisions of thousands of importers and exporters, as well as the governments of the countries in which they reside.
Fourier series - Complex Waves: Non-sinusoidal wave patterns
Transatlantic Slave Trade
Gyres and the Geostrophic Flows
Drainage Patterns
Epigenetic changes to DNA, such as methylation, change patterns of gene expression by activating or
Methylation patterns of CpG dinucleotides