ECO FINAL QUIZ ANSWERS

ECO FINAL QUIZ ANSWERS

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ECO FINAL QUIZ ANSWERS

___________ purchasing power parity states that the difference between changes over time in product-price levels in two countries will be offset by the change in the exchange rate over this time Relative

_____________suggests that a country will engage in trade and export products that it can produce at a lower-opportunity cost than a competing nation. Comparative advantage

A business traveler to Germany who, upon deplaning in Berlin, uses an airport ATM to withdraw 100 Euros from her U.S. bank would receive which kind of exchange rate?: Spot