Midterm1-462_SAMPLE

Is rarely observed in the world today occurs when the

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Unformatted text preview: today. Occurs when the United States exports Ford automobiles and simultaneously imports Honda automobiles. Occurs when the United States exports Ford automobiles and simultaneously imports petroleum. 6 FIGURES Figure 2.1 Price ($/unit) 150 Supply 120 70 40 Demand 10 100 200 300 Quantity (thousands) FBE 462 Sample Midterm #1 Figure 4.2 Wheat I2 I1 C1 11 6 S0 3 0 T 12 Cloth S1 16 Canada Wheat I1 16 Price = 0.67 unit per yard 20 1 unit per yard I2 S1 S2 10 C1 8 T Price = 1 unit per yard 0 Cloth 4 8 12 2 units per yard Rest of the World 8 FBE 462 Sample Midterm #1 Answer Key All the correct answers are C. 9...
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This note was uploaded on 02/15/2011 for the course FBE 462 at USC.

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