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If a Country Grows Such That, at Constant Relative Prices

Question 3

Multiple Choice

If a country grows such that, at constant relative prices, the production of its export good Rises by 5 percent and the production of its import-competing good rises by 15 percent (and these are the only two goods produced in the economy) , this production pattern Would be called __________ production effect.


A) a "neutral"
B) a "protrade"
C) an "antitrade"
D) an "ultra-antitrade"

Correct Answer:

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