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Author Question: In general, for any two countries, there are many exchange rates that will lead to gains from trade, ... (Read 72 times)

melina_rosy

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on: Apr 19, 2019

Question 1

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. Given this information, trade will flow in both directions if the price of a dollar is between


◦ 1.5 and 2.5 euros.
◦ 2.0 and 3.0 euros.
◦ 0.5 and 0.75 euro.
◦ 0.67 and 2.0 euros.

Question 2

In general, for any two countries, there are many exchange rates that will lead to gains from trade, based on comparative advantage.


◦ true
◦ false
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by melina_rosy on Apr 19, 2019

potomatos

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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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melina_rosy

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

olderstudent

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Reply 3 on: Yesterday
Excellent

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