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NYC NYC
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8 years ago
Suppose that the United States and Spain both produce cognac and handbags. In the United States, cognac sells for $20 a bottle and handbags sell for $80. In Spain, cognac sells for 30 Euro a bottle and handbags sell for 40 Euro. Given this information, trade will flow in both directions if the price of a dollar is between:
A) 2.0 and 3.0 Euro.
B) 1.5 and 2.5 Euro.
C) 0.5 and 0.75 Euro.
D) 0.67 and 2.0 Euro.
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
Authors:
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JesslynJesslyn
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NYC Author
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#2
8 years ago
I was thinking the same, thank you
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#3
4 years ago
thanks for hep]lp
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#4
4 years ago
:0
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#5
4 years ago
Amazing, Thank you
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#6
4 years ago
Thanks!
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#7
4 years ago
thanks
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#8
4 years ago
thank you
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#9
4 years ago Edited: 4 years ago, Frank Huang
.
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#10
4 years ago
thank you
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#11
4 years ago
thanks
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