chapter 5 homework

chapter 5 homework - Refer to the above data. The terms of...

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Refer to the above data. The terms of trade will be: A) Greater than 4 units of food for 1 unit of clothing B) Between 4 and 5 units of food for 1 unit of clothing C) Between 2 and 3 units of food for 1 unit of clothing D) Less than 2 units of food for 1 unit of clothing 2. Refer to the above table. From 2005 to 2006, what happened to the value of the euro and the value of the U.S. dollar? A) The euro appreciated and the U.S. dollar depreciated B) The euro depreciated and the U.S. dollar depreciated C) The euro depreciated and the U.S. dollar appreciated D) The euro appreciated and the U.S. dollar appreciated
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3. Refer to the above data. Which of the following is true? A) For West, the cost of 5 units of clothing is 10 units of food B) For West, the cost of 15 units of food is 5 units of clothing C) For East, the cost of 8 units of food is 8 units of clothing D) For East, the cost of 4 units of clothing is 6 units of food 4. Refer to the above data. Which statement about the two nations is correct based on the
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This note was uploaded on 02/10/2010 for the course ECON 201 taught by Professor Smith during the Spring '10 term at Bowling Green.

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chapter 5 homework - Refer to the above data. The terms of...

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