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 118 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?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

The United States is the most racially– ethnically diverse society in the world. This can be our ... The United States is the most racially– ethnically diverse society in the world. This can be our ...
Leading Sites of New Cases of Cancer in the United States, 2013 Leading Sites of New Cases of Cancer in the United States, 2013
States and territories that have adopted their own version of HAZWOPER for all workers are shown in ... States and territories that have adopted their own version of HAZWOPER for all workers are shown in ...
Household Income in the United States by Quintiles, 2009 Household Income in the United States by Quintiles, 2009
Income Distribution in the United States, 2009 Income Distribution in the United States, 2009
Agricultural Land as a Fraction of Total Wealth in the United Kingdom Agricultural Land as a Fraction of Total Wealth in the United Kingdom
Video: Digestion Animation

For a complete list of videos, visit our video library