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Author Question: When trade is ________, patterns of trade and trade flows result from the independent decisions of ... (Read 135 times)

BrownTown3

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on: Apr 19, 2019

Question 1

Assume that Down Slope specializes in producing snow boards and Seven Seas specializes in producing scuba tanks. After trade, Down Slope exports 2,000 snow boards and imports 400 scuba tanks. The terms of trade


◦ are 1/5:1 snow boards to scuba tanks.
◦ are 5:1 snow boards to scuba tanks.
◦ are 1:5 snow boards to scuba tanks.
◦ cannot be determined from this information.

Question 2

When trade is ________, patterns of trade and trade flows result from the independent decisions of thousands of importers and exporters, as well as millions of private households and firms.


◦ restricted
◦ barred
◦ free
◦ embargoed
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by BrownTown3 on Apr 19, 2019

ngr69

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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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BrownTown3

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Reply 2 on: Apr 19, 2019
Excellent

abro1885

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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