6 QUESTION 22All the followings are likely to be developing countries' comparative advantage for trade EXCEPTOA. Land and natural resourcesO B. Tropical climateOC. Low-skilled laboursO D. High-skilled laboursQUESTION 23From the perspective of the UK firm or British, which of the following is correctly described a long or a short position in foreign currency?OA. A British student has a short position in yen as he expects to receive a scholarship of 10 million yen in 60 days from a Japanese University.OB. A British buyer has a short position in yen as she expects to receive a refund of 10,000 yen in 60 days for the return on her purchase.OC.A UK firm has a long position in yen as it expects to receive a payment of 1 million yen in 60 days for its sales to a Japanese firm.O D.A UK firm has a long position in yen as it expects to pay loan worth 100 million yen to a Japanese bank which matures in 60 days.

Developing countries are those countries that have still not reached a level of per capita income,…

Answered: All the followings are likely to be…

All the followings are likely to be developing countries' comparative advantage for trade EXCEPT OA. Land and natural resources OB. Tropical climate OC. Low-skilled labours O D. High-skilled labours

Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781305971509

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter9: Application: International Trade

Section: Chapter Questions

Problem 1CQQ

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