Candles (was SC - Price of Feasts (was butter))
Mordonna22@aol.com
Mordonna22 at aol.com
Wed Nov 18 19:05:22 PST 1998
In a message dated 11/18/98 11:48:56 AM US Mountain Standard Time,
ddfr at best.com writes:
>
> If relative prices of all goods in the US were the same as in the UK, the
> result would be an exchange rate at which all prices were the same in both
> countries, and there would be no trade
Far too simplistic, and not true at all. Less trade, perhaps, but there would
still be a cachet in purchasing Italian shoes, Russian Vodka, Japanese
Electronics, American Cars, etc.....
Mordonna
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