Suppose hockey skates sell in Canada for 105 Canadian dollars, and 1 Canadian dollar equals 0.76 U. S. dollars. If purchasing power parity (PPP) holds, what is the price of hockey skates in the United States

The rybczynski theorem describes: (a) how commodity price changes influence real factor rewards (b) how commodity price changes influence relative factor rewards. (c) how changes in factor endowments cause changes in commodity outputs. (d) how trade leads to factor price equalization.

(a) what was the opportunity cost of non-gm food for many buyers before 2008? (b) why did they prefer the alternative? (c) what was the opportunity cost in 2008? (d) why did it change?

Arecession is defined as a period in which