Multiple Choice
Nation 1's share of the gains from trade will be greater:
A) the greater is nation 1's demand for nation 2's exports
B) the closer Px/Py with trade settles to nation 2's pretrade Px/Py
C) the weaker is nation 2's demand for nation 1's exports
D) the closer Px/Py with trade settles to nation 1's pretrade Px/Py
Correct Answer:
Verified
Correct Answer:
Verified
Q5: Which of the following statements about community
Q6: The marginal rate of substitution (MRS)of X
Q7: With free trade under increasing costs:<br>A)neither nation
Q8: The gains from exchange with respect to
Q9: A production frontier that is concave from
Q10: Which of the following is not a
Q11: If Px/Py exceeds the equilibrium relative Px/Py
Q12: Which of the following statements is false?<br>A)The
Q13: Which of the following statements is true
Q14: Which of the following is not true