Pg. 4/5 of Econ review

Define the integration types: o Horizontal o Vertical o Conglomerate Country Tables (in tons) | Chairs (in tons) El Salvador |40 120 Looking at the table to the right... Guatemala 25 50 O Who has absolute advantage in chairs? o Who has the comparative advantage in chairs? o Which product should Guatemala specialize in? o The terms of trade for a table will be to chairs. Exchange rate for 1 U.S. Dollar 2012 2013 Chinese Yuan 200 220 . Looking at the table to the right... Canadian Dollar 1.5 1.2 O Against which currency did the U.S dollar appreciate? o How much would a 6,000 Yuan item cost in dollars in 2012? o For which country would U.S. imports have become cheaper in 2013? Unit 4 What is GDP? The following don't count towards GDP: o Real GDP has been adjusted for Per capita GDP is used to determine o Positive growth happens during an negative during a . Unemployment types