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 166 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?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Basidiomycetes produce diverse fruiting bodies. Basidiomycetes produce diverse fruiting bodies.
Among non-Muslims in the United States, wearing a head scarf, or a khimar, is a personal fashion ... Among non-Muslims in the United States, wearing a head scarf, or a khimar, is a personal fashion ...
Power in the United States: The Model Proposed by C. Wright Mills Power in the United States: The Model Proposed by C. Wright Mills
Population Projections of the United States Population Projections of the United States
Per capita consumption of power is high in the developed world and highest in the United States Per capita consumption of power is high in the developed world and highest in the United States
The Lorenz Curve for the United States, 2009 The Lorenz Curve for the United States, 2009
Video: Cataract

For a complete list of videos, visit our video library