Author Question: When trade is free, patterns of trade and trade flows result from (Read 126 times)

berenicecastro · **on:** Apr 19, 2019

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.

C.mcnichol98 · **Reply #1 on:** Apr 19, 2019

A FREE account is required to view all solutions!

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 39% of students answer this correctly