Commodity egalitarianism suggests that some goods be available to everyone.

The law of one price should hold well for

A) differentiated products. B) any individual goods traded internationally. C) homogeneous goods. D) All of the above.

In a small open economy, Sd = 200 + 500rw and Id = 300 - 200rw. If rw = 0.1, then net exports =

A) -50. B) -30. C) 30. D) 50.