The exchange rate converts
a. one currency value to another
b. labor units to output units
c. miles to kilometers
d. physical capital units to human capital units
e. none of the above
A
Economics
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What is the best hope for reducing environmental pollution in less-developed nations?
A) limiting international trade B) boycott of polluting nation's products C) producing the goods in advanced, economically developed nations D) free international trade that raises incomes in less-developed nations E) strong international standards for pollution control
Economics
Refer to the figure above. If A forms a customs union with C, the quantity of trade creation will be
A) 100 units. B) 70 units. C) 30 units. D) None of the above.
Economics