Question

Need help 4 eco questions?

Answer 1

question 62

How would a strong U.S. dollar impact the trade of grain produced in the United States?

U.S. grain exports decrease

U.S. grain exports increase

U.S. grain imports decrease

U.S. grain imports stagnate





Question 63

Two countries produce milk and dairy products efficiently. Neither has an absolute advantage. However, Country A exports milk to Country B, and Country A imports cotton from Country B. Which of the following is inferred?

The opportunity cost of producing milk is lower for Country A.

The opportunity cost of producing cotton is higher for Country B.

Country A has a natural resource advantage in cotton.

Country B has a natural resource advantage in milk.





Question 64

Marx would most likely support a plan for

government ownership of most production

creating a worldwide free trade agreement

eliminating income taxes on the wealthy

income taxes based on ability to pay





Question 65

To increase your standard of living, your wages must

rise faster than the inflation rate

rise more slowly than the inflation rate

keep pace with the inflation rate

have a negative inflation rate

Answer 2

@helder_edwin

Answer 3

my responses to the questions :
62- B
63- C
64- A
65- A

Answer 4

Q 62: when a country's currency is strong exports decrease

Q 63: A

Q 64: A

Q 65: A

Answer 5

I have #63, and it doesn't make sense.