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HereIam HereIam
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6 years ago
On your first day at work, your boss tells you to call the bank and get the bid and the ask for British pounds. Having just returned from studying in London, you know that the exchange rate should be somewhere around 1.25.
 
  You call the number and the lady says 579 and 585. What does that mean? A) She didn't understand your question.
  B) The bid is 0.579 and the ask is 0.585.
  C) The ask is 0.579 and the bid is 0.585
  D) The bid is 1.2579 and the ask is 1.2585.


Question 2 - The ratio of a country's average export price to its average import price is
 
  (a) its absolute advantage.
  (b) its comparative advantage.
  (c) its terms of trade.
  (d) its exchange rate.


Question 3 - What are the main features of the Harris-Todaro model of rural-urban migration?
 
  What will be an ideal response?
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pavbapavba
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6 years ago
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HereIam Author
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#2
6 years ago
Passed my quiz with this!
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#3
6 years ago
Tell your classmates
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