Solved

Suppose Canada's Terms of Trade Rises from 212 to 236

Question 34

Multiple Choice

Suppose Canada's terms of trade rises from 212 to 236.This change is said to be

A) favourable.
B) unfavourable.
C) neutral.
D) prudent,since the rule of 72 is not violated.
E) a deterioration.

Related Questions

Q29: The following production possibilities schedule shows the

Q30: This table shows how much cotton and

Q31: Consider the possibility of trade between countries.When

Q32: Suppose two countries each produce wool and

Q33: The diagram below shows the domestic demand

Q35: The diagram below shows the domestic demand

Q36: Consider the sources of the gains from

Q37: Consider Canada's terms of trade.Canada is a

Q38: Australia exports wine to Canada,and Canada exports

Q39: The following production possibilities schedule shows the