25.Krugman and obstfeld suggest that national borders by themselves ? A. have ve

Question

25.Krugman and obstfeld suggest that national borders by themselves ? A. have very little impact on trade B. do have an impact on trade C. usually results in countries favoring the products of the foreign country D. is the main factor determining comparative advantage E. none of the above 24. the us and canada are located next to each other and both economies are large. on the other hand peru and aleria are small economies and distant. based on the gravity model which pair two countries would have the highest portion of trade with each other ? A. us and canada B. peru and algeria C. peru and canada D. canada and algeria E. none of the above price 23. the relative price of a commodity can be represented by ? A. nominal price B. its cost of production C.the ratio of its nominal price to the nominal price of the other good that is produced D. the ratio of its nominal price to its nominalcost of production. E. none of the above

Explanation / Answer

25.Krugman and obstfeld suggest that national borders by themselves ?

A. have very little impact on trade

B. do have an impact on trade

C. usually results in countries favoring the products of the foreign country

D. is the main factor determining comparative advantage

E. none of the above

24. the us and canada are located next to each other and both economies are large. on the other hand peru and aleria are small economies and distant. based on the gravity model which pair two countries would have the highest portion of trade with each other ?

A. us and canada

B. peru and algeria

C. peru and canada

D. canada and algeria

E. none of the above price

23. the relative price of a commodity can be represented by ?

A. nominal price

B. its cost of production

C.the ratio of its nominal price to the nominal price of the other good that is produced

D. the ratio of its nominal price to its nominalcost of production.

E. none of the above

Related Questions

Navigate

• Browse (All)
• Browse 2
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.