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Author Question: The ratio at which one country trades a domestic product for imported product is that country's (Read 157 times)

pane00

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on: Apr 19, 2019

Question 1

Refer to the information provided in Table 33.5 below to answer the question(s) that follow. Cashews are measured in bushels and tea is measured in pounds (lbs.)







Refer to Table 33.5. Which terms of trade benefits both countries?


◦ 1 bushel of cashews for 4 lbs. of tea
◦ 1 bushel of cashews for 6 lbs. of tea
◦ 1 lb. of tea for 8 bushels of cashews
◦ 1 lb. of tea for 10 bushels of cashews

Question 2

The ratio at which one country trades a domestic product for imported product is that country's


◦ absolute advantage.
◦ comparative advantage.
◦ cost ratio.
◦ terms of trade.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by pane00 on Apr 19, 2019

djpooyouma

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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.
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pane00

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Reply #2 on: Apr 19, 2019
Excellent


djpooyouma

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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