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please answer this. i will give you a thumbs up thank you 11. Multiple Choice (15%, 3 points for each, Direction: only one correct answer)
please answer this. i will give you a thumbs up thank you 11. Multiple Choice (15%, 3 points for each, Direction: only one correct answer) 1. The benefits of international trade are derived from trade in A) tangible goods only. B) intangible goods only. C) goods but not services. D) services but not goods. E) anything of value. 2. How many dollars would it cost to buy an Edinburgh Woolen Mill sweater costing 50 British pounds if the exchange rate is 1.30 dollars per one British pound? A) 55 dollars B) 65 dollar C) 70 dollars D) 80 dollars E) 75 dollars CREIOSI) ACO 3. If the goods' money prices do NOT change, a appreciation of the dollar against the pound A) makes British sweaters cheaper in terms of American jeans. B) makes British sweaters more expensive in terms of American jean C) makes American jeans more expensive in terms of British sweaters D) doesn't change the relative price of sweaters and jeans. E) makes British jeans more expensive in Britain 4. If the dollar interest rate is 10 percent, the euro interest rate is 12 percent, then A) an investor should be indifferent between dollars and curos. An investor should invest only in dollars if the expected dollar appreciation against the euro is 4 percent B) an investor should invest only in euros. An investor should invest only in dollars if the expected dollar appreciation against the euro is 4 percent. C) un investor should invest only in dollars if the expected dollar appreciation against the euro is 4 percent. D) an investor should invest only in dollars. E) an investor should invest only in euros. 5. Compared with industrialized economies, most developing countries are poor in the factors of production cucutial to modem industry. These factors are A) fertile land and unskilled labor. fertile land and skilled labor. C) capital and unskilled labor. D) capital and skilled labor. E) water and capital
please answer this. i will give you a thumbs up thank you
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