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

Author Question: Suppose that the United States and Italy both produce wine and shoes. In the United States, wine ... (Read 97 times)

codyclark

  • Hero Member
  • *****
  • Posts: 538
on: Apr 19, 2019

Question 1

Initially trade between the United States and Canada is balanced. Then, if a change in the exchange rate reduces the U.S. dollar price of Canadian goods, 
ceteris paribus, we would expect


◦ a trade surplus in the United States.
◦ a trade surplus in Canada.
◦ a trade deficit in Canada.
◦ a trade deficit in both countries.

Question 2

Suppose that the United States and Italy both produce wine and shoes. In the United States, wine sells for $10 a bottle and shoes sell for $40 a pair. In Italy, wine sells for 15 euros a bottle and shoes sell for 20 euros a pair. If the current exchange rate is 0.8 euro to the dollar, then


◦ Italy will import both shoes and wine from the United States.
◦ the United States will import both shoes and wine from Italy.
◦ the United States will import shoes from Italy and Italy will import wine from the United States.
◦ the United States will import wine from Italy and Italy will import shoes from the United States.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by codyclark on Apr 19, 2019

al

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Apr 19, 2019
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 50% of students answer this correctly


codyclark

  • Hero Member
  • *****
  • Posts: 538
Reply #2 on: Apr 19, 2019
Thank you!


al

  • Sr. Member
  • ****
  • Posts: 344
Reply #3 on: Apr 19, 2019
Always glad to help...


« previous next »
 

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

A model of anxiety in which stressful events or a changing mental condition can produce unfavorable A model of anxiety in which stressful events or a changing mental condition can produce unfavorable
Prevalence of Diabetes in the United States, 2010–2012, Age 20 and Older, Based on Race and ... Prevalence of Diabetes in the United States, 2010–2012, Age 20 and Older, Based on Race and ...
For millions of people, the United States represents a land of opportunity and freedom from ... For millions of people, the United States represents a land of opportunity and freedom from ...
Power in the United States: The Model Proposed by C. Wright Mills Power in the United States: The Model Proposed by C. Wright Mills
Prevalence and Sex Distribution of Top 10 Autoimmune Diseases Diagnosed in the United States Prevalence and Sex Distribution of Top 10 Autoimmune Diseases Diagnosed in the United States
GDP per Capita in the United States, 1870–2009 GDP per Capita in the United States, 1870–2009
Video: Acid-base imbalances - compensation of metabolic acidosis and alkalosis

For a complete list of videos, visit our video library