TABLE 1.1
Use the information in the table to answer the following question(s) .
-Refer to Table 1.1. If each country specializes in their production with Austria producing only digital cameras and Russia producing only snowboards, at a trading rate of three snowboards per digital camera, how many cameras and snowboards will be available to be consumed in Austria if they trade 3,000 cameras to Russia?
A) 9,000 snowboards and 5,000 digital cameras
B) 3,000 snowboards and 3,000 digital cameras
C) 3,000 snowboards and 9,000 digital cameras
D) There is not enough information to answer this question.
Correct Answer:
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Q14: TABLE 1.1
Use the information in the table
Q15: The source of a nation's comparative advantage
A)
Q17: Which of the following firms are NOT
Q18: LIBOR is
A) insignificant interest rate for global
Q20: Some of the factors contributing to the
Q21: The exposure to foreign exchange risk known
Q22: TABLE 1.1
Use the information in the table
Q23: Despite the underlying advantages of the Theory
Q24: Which of these issues must be addressed
Q29: Of the following, which would NOT be
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