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Unformatted text preview: a. The US would import more jeans; YES b. Indonesia would export more jeans; YES c. Indonesia would buy more US cars; YES d. US prices of jeans would rise; NO, they would fall. e. US prices of jeans would fall; YES f. Indonesian prices of cars would fall; YES g. Some US jeans-making factories would close; YES h. Indonesia would make more cars; NO i. US car prices might rise; YES j. There would be more employment in jeans-making in Indonesia; YES k. Comparative advantage would change; NO...
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This note was uploaded on 05/22/2011 for the course ECO 2013 taught by Professor Denslow during the Spring '05 term at University of Florida.
- Spring '05