Multiple Choice
With economic growth (where the growth reflects the "net" or "overall" effect of the Production and consumption effects) , a country's offer curve (with the export good on the Horizontal axis)
A) will always shift or pivot outward.
B) will shift or pivot outward in the cases where the growth is "protrade" or "ultra-Protrade" in nature and will shift or pivot inward in the cases where the growth is "antitrade" or "ultra-antitrade" in nature.
C) will shift or pivot inward in the case where the growth is "ultra-antitrade" in nature.
D) will not shift or pivot in the case where the growth is "neutral" in nature.
Correct Answer:
Verified
Correct Answer:
Verified
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