For Any Pair of Countries, There Is

question 216

Multiple Choice

For any pair of countries, there is

• A) a range of exchange rates that can lead automatically to both countries realizing the gains from specialization and comparative advantage.
• B) one single exchange rate that will lead indirectly to one country realizing the gains from specialization and comparative advantage, but not the other country.
• C) a range of exchange rates that can lead indirectly to one country realizing the gains from specialization and comparative advantage, but not the other country.
• D) one single exchange rate that will lead automatically to both countries realizing the gains from specialization and comparative advantage.

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Definitions:

Nitroacetophenone

An organic compound containing both a nitro group and an acetyl group attached to a benzene ring, used in the synthesis of dyes and pharmaceuticals.

Bromination

A chemical reaction involving the addition of bromine (Br2) to organic compounds, typically to add bromine atoms or convert double bonds into Br-containing derivatives.

Bromobenzene

An aromatic bromine compound used frequently in organic synthesis, as a bromination precursor for making various organic products.

Benzenesulfonic Acid

An organosulfur compound characterized by a benzene ring bonded to a sulfonic acid group, used in various chemical syntheses.