Refer to the information provided in Table 33.3 below to answer the question(s) that follow. Table 33.3Refer to Table 33.3. If the exchange rate is $1 = 2 euros, then

A. the United States will import both raspberries and chocolate.
B. the United States will import raspberries and Belgium will import chocolate.
C. Belgium will import both raspberries and chocolate.
D. Belgium will import chocolate.


Answer: B

Economics

You might also like to view...

Explain why OPEC is caught in a prisoner's dilemma?

What will be an ideal response?

Economics

Why have social scientists accused economists of being imperialistic?

a. Economists in general are better paid than other scholars. b. The tools of economists are used in many different fields. c. Economists tend to have a superior attitude about their field. d. Politicians view economists as being more important than other scholars.

Economics

The effective rate of protection for a product can be negative.

Indicate whether the statement is true or false.

Economics

Price ceiling/ cap

What will be an ideal response?

Economics