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:

Processing Units

Components within a computer that execute instructions from software applications.

Three-box Model

A model of memory proposed by Richard Atkinson and Richard Shiffrin that includes three stores: sensory memory, short-term memory, and long-term memory.

Sensory Register

The initial stage of memory, where sensory information is stored for a very brief period before it is processed or discarded.

Incoming Information

Data or signals received by a system or individual for processing or action.