3 years ago

Voluntary exchanges happen when both parties expect to

1 answer:

5 0

Voluntary exchanges happen when both parties expect to receive a gift that is better than the gift they already gave to somebody.

If your in K12, the answer is gain.

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when 470 units are sold,( substitute vc per unit = 15.35)

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4 years ago

What will happen to the trade balance and the real exchange rate of a small open economy when government purchases increase, as

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The exchange rate of the currency will reduce because the country the government is making more currency to be available and surplus, by increasing it's purchase. When they is excess currency in the world market, the currency reduces it value. In a world war, or local war, the exchange rate may not actually reduce because, it will be difficult for the country to have enough money to make its currency to be available in the world market.

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