In a World with Two Products, Wheat (W) and Coffee

question 301

Multiple Choice

In a world with two products, wheat (W) and coffee (C) , nation Alpha produces wheat and nation Beta produces coffee. Nation Alpha prefers an exchange rate of 1W = 2C, and nation Beta prefers
An exchange rate of 1W = 1C. The exchange rate preferred by nation

• A) Alpha will prevail if world demand for coffee is great relative to its supply.
• B) Alpha will prevail if world demand for wheat is weak relative to its supply.
• C) Beta will prevail if world demand for coffee is great relative to its supply.
• D) Beta will prevail if world demand for wheat is great relative to its supply.

---

Definitions:

Self-Report

A method of data collection whereby participants provide information about themselves, often used in surveys and questionnaires.

Ethnographic Research

A qualitative research method that explores cultural phenomena from the point of view of the subject through immersive fieldwork.

Observational Research

A method of research in which subjects are observed in their natural environment without any manipulation by the researcher.

Qualitative Research

A research method focusing on understanding concepts, thoughts, or experiences through analysis of non-numeric data, such as interviews or observations.