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

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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QUESTION 22
All the followings are likely to be developing countries' comparative advantage for trade EXCEPT
OA. Land and natural resources
O B. Tropical climate
OC. Low-skilled labours
O D. High-skilled labours
QUESTION 23
From 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.
Transcribed Image Text:QUESTION 22 All the followings are likely to be developing countries' comparative advantage for trade EXCEPT OA. Land and natural resources O B. Tropical climate OC. Low-skilled labours O D. High-skilled labours QUESTION 23 From 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.
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