Refer to the information provided in Table 33.3 below to answer ...

[Metfan725]

Question 1

Refer to the information provided in Table 33.3 below to answer the question(s) that follow.












Refer to Table 33.3. If the exchange rate is $1 = 1 euro, then

◦ the United States will import both raspberries and chocolate.
◦ Belgium will import both raspberries and chocolate.
◦ the United States will import chocolate and Belgium will import raspberries.
◦ Belgium will import chocolate.

Question 2

Refer to the information provided in Table 33.3 below to answer the question(s) that follow.












Refer to Table 33.3. If the exchange rate is $1 = 3 euros, then

◦ the United States will import both raspberries and chocolate.
◦ Belgium will import both raspberries and chocolate.
◦ the United States will import chocolate and Belgium will import raspberries.
◦ the United States will import raspberries and Belgium will import chocolate.

[kthug]

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Only 49% of students answer this correctly

[mynx]

Question 1

Refer to the information provided in Table 33.3 below to answer the question(s) that follow.












Refer to Table 33.3. If the exchange rate is $1 = 2 euros, then

◦ the United States will import both raspberries and chocolate.
◦ Belgium will import both raspberries and chocolate.
◦ the United States will import raspberries and Belgium will import chocolate.
◦ Belgium will import chocolate.

Question 2

Refer to the information provided in Table 33.3 below to answer the question(s) that follow.












Refer to Table 33.3. Trade will flow in both directions between countries only if the price of the euro is between

◦ $.40 and $.50.
◦ $1.00 and $2.25.
◦ $.60 and $.75.
◦ $.44 and $1.00.

[nmyers]

Answer 1

the United States will import raspberries and Belgium will import chocolate.

Answer 2

$.44 and $1.00.

[mynx]

TY

[nmyers]

You're welcome

[bobbie]

Question 1

Refer to the information provided in Figure 33.3 below to answer the question(s) that follow.





Refer to Figure 33.3. The domestic price of shoes is $80. After trade the price of a pair of shoes is $60. After trade this country will import

◦ 100 pairs of shoes.
◦ 200 pairs of shoes.
◦ 300 pairs of shoes.
◦ 1,300 pairs of shoes.

Question 2

Refer to the information provided in Figure 33.3 below to answer the question(s) that follow.





Refer to Figure 33.3. The domestic price of shoes is $80. After trade the price of a pair of shoes is $60. Now domestic production costs fall so that the equilibrium domestic price of a pair of shoes is $70. This would cause

◦ the number of pairs of shoes imported into this country to increase.
◦ the number of pairs of shoes imported into this country to decrease.
◦ the number of pairs of shoes exported from this country to increase.
◦ the number of pairs of shoes exported from this country to decrease.

[covalentbond]

Answer 1

300 pairs of shoes.

Answer 2

the number of pairs of shoes imported into this country to decrease.

[silviawilliams41]

Refer to the information provided in Figure 33.3 below to answer the question(s) that follow.





Refer to Figure 33.3. The domestic price of shoes is $80. After trade the price of a pair of shoes is $60. If shoes are a normal good and income in this country rises, then we would expect

◦ the number of pairs of shoes imported into this country to increase.
◦ the number of pairs of shoes imported into this country to decrease.
◦ the number of pairs of shoes exported from this country to increase.
◦ the number of pairs of shoes exported from this country to decrease.

[honnalora]

the number of pairs of shoes imported into this country to increase.