
-Consider Table 18.1.With free trade,the price of fish in terms of chips must be:
A) 2.
B) about 0.42.
C) 2.4.
D) 3.
E) Not enough information is given.
Correct Answer:
Verified
Q16: Over time,the "economic distance" between countries has:
A)remained
Q17: With trade,
A)an economy can realize higher welfare.
B)an
Q18: Prior to 1975,the United States had:
A)balanced trade.
B)a
Q19: About _ percent of the U.S.GDP is
Q20: Over time,international trade enables an economy to:
A)run
Q22: If the United States is running persistent
Q23: Intertemporal trade deficits and surpluses reflect:
A)international borrowing.
B)international
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