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Chako Chako
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Posts: 2948
8 years ago
If the ratio of price of cloth (PC) divided by the price of food (PF) increases in the international marketplace, then
A) the cloth exporter will increase the quantity of cloth produced.
B) the country would import more cloth.
C) the cloth exporter will increase the quantity of cloth exported.
D) the food exporter will increase the quantity of food exported.
E) the cloth exporter will decrease the quantity of cloth exported.
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
Read 114 times
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machukianmachukian
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Posts: 2946
8 years ago
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Chako Author
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8 years ago
I doubted this website before I signed up. I regret not being a member earlier lol
wrote...
8 years ago
Good luck
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