-Consider Table 18

question 47

Multiple Choice

-Consider Table 18.1.In autarky,the price of fish in terms of chips is __________ in the West,and in the East the price is __________.

• A)1;1
• B)1/2;1/3
• C)2;3
• D)2;10
• E)Not enough information is given.

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Definitions:

Increase

A rise in the value, amount, or level of something.

Gold Futures

Contracts to buy or sell a specific amount of gold at a predetermined price on a specified future date, used for speculation or hedging.

Short Position

An investment strategy where an investor sells borrowed securities anticipating a price decline, aiming to buy them back at a lower price for profit.

Price

The amount of money expected, required, or given in payment for something.