Question 1. How can two countries both be better off as a result of trade? 

Your response should be at least 75 All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. 

Question 2. What factors determine the demand for British pounds in foreign exchange markets? How are exchange rates determined under a flexible exchange rate system? 

Your response should be at least 75 words in length. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. 


Question 3.Describe developing countries and how they differ from industrial market economies. How can international trade aid development? In what ways does the international economy impose problems on developing countries? 

Your response should be at least 75 words in length. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. 



Question 4. How did the Bretton Woods system operate? What caused its collapse? Some think the current system of managed but floating rates is too unstable. What would generate the instability? 

Your response should be at least 75 words in length. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. 


Question 5. Why can''t all the balance of payments accounts be in surplus? 

Your response should be at least 75 words in length.. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. 

The textbook is called: McEachern, W. A. (2012). ECON Micro 3 (3rd ed.). Mason, OH: South-Western.