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Home Q & A Board Other Fields Homework Help Business Economics
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bigt246823 bigt246823
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6 years ago
Adam Smith created the theory of comparative advantage.
 
  Indicate whether the statement is true or false


Question 2 - ________ are a form of regional integration where member countries lower internal trade barriers but maintain existing barriers against nonmembers.
 
  A) Customs unions
  B) Free trade areas
  C) Reciprocal trade agreements
  D) None of the above.


Question 3 - Over a short-run period (i.e., week or month), ________ dominate exchange rate movements.
 
  A) short-run inflation differentials
  B) nominal price changes
  C) relative price changes
  D) None of the above
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Za_bby97Za_bby97
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6 years ago
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bigt246823 Author
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#2
6 years ago
Extremely helpful
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#3
6 years ago
Cool, thanks for the positive feedback
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