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30 May 2018
3. Why is comparative advantage important in international trade?
7. Identify the exchange rate that equalizes the prices of internationally traded goods across countries and briefly discuss the main functions this exchange rate serves.
10. Briefly discuss the shortcomings of environmental command-and-control regulations.
12. Briefly explain what is meant by the term "externality" and how it occurs
3. Why is comparative advantage important in international trade?
7. Identify the exchange rate that equalizes the prices of internationally traded goods across countries and briefly discuss the main functions this exchange rate serves.
10. Briefly discuss the shortcomings of environmental command-and-control regulations.
12. Briefly explain what is meant by the term "externality" and how it occurs
Irving HeathcoteLv2
31 May 2018
