Comparative advantage cannot account for a significant portion of world trade

A change in the ceteris paribus conditions for supply will lead to a

A) change in quantity supplied. B) change in supply. C) change in quantity supplied and a change in supply. D) change in how consumers view the quality of the good.

Which of the following is true of price changes in currencies under the fixed-rate system?

a. Frequent occurrence b. Low magnitude c. Infrequent, but high magnitude d. Frequent, but low magnitude