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Author Question: Suppose that the United States and Spain both produce cognac and handbags. In the United States, ... (Read 118 times)

magmichele12

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on: Apr 19, 2019

Suppose that the United States and Spain both produce cognac and handbags. In the United States, cognac sells for $20 a bottle and handbags sell for $80. In Spain, cognac sells for 30 euros a bottle and handbags sell for 40 euros. If the current exchange rate is 0.8 euro to the dollar, then


◦ Spain will import both handbags and cognac from the United States.
◦ the United States will import both handbags and cognac from Spain.
◦ the United States will import handbags from Spain and Spain will import cognac from the United States.
◦ the United States will import cognac from Spain and Spain will import handbags from the United States.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by magmichele12 on Apr 19, 2019

fwbard

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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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magmichele12

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Reply #2 on: Apr 19, 2019
Thank you!


fwbard

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Reply #3 on: Apr 19, 2019
Always glad to help...


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