Refer to the information provided in Table 33.3 below to answer the question(s) that follow. Table 33.3
Refer to Table 33.3. If the exchange rate is $1 = 1 euro, then
A. the United States will import chocolate and Belgium will import raspberries.
B. the United States will import both raspberries and chocolate.
C. Belgium will import chocolate.
D. Belgium will import both raspberries and chocolate.
Answer: C
You might also like to view...
The U.S. government spent over $4 trillion in budget year 2018.
Answer the following statement true (T) or false (F)
When a market is corrected for externalities, it:
A. is efficient and maximizes surplus. B. is equitable and makes everyone better off. C. needs government regulation to maintain. D. All of these statements are true.
Which of the following are scarce?
A) information B) time for recreation C) clean air D) all of the above
If a nation is incurring a trade deficit (it is buying more from abroad-importing, than it is selling abroad-exporting), then it is most likely producing beyond the frontier of its production possibilities curve.
Answer the following statement true (T) or false (F)