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At the time of the video, we learned that the city: 

The following table indicates output per day for Thailand and India: rice    wheat India  10 15 Thailand 20 45   Based on the scenario above, does anyone have an absolute advantage in wheat? 

Venezuela is a producer of heavy crude which is more expensive to produce than light crude. 

All of the following are examples of natural resources: trees, lumber used in houses, petroleum, and gasoline.

When a country is more attractive for investments, we know that: (check all that apply) 

When we reflect on NAFTA, the most concern has been expressed about which country’s participation in the agreement?

It is not a good policy goal to run a trade deficit…we prefer trade surpluses. When trade deficits exist, we should alter our trade strategy. 

The exchange rate bewteen the USD and Guatemalan Quetzal was $.132/Qz but then changed to $.141/Qz. This shows a weakening of the Guatemalan Quetzal against the USD. 

Country X has a gini coefficient of .19 and from this we can infer that: 

Both tariffs and quotas have the same effect…they will increase the supply of the import.