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In the Following Offer Curve Diagram

Question 25

Multiple Choice

In the following offer curve diagram,
In the following offer curve diagram, At TOT<sub>1</sub>, there is excess demand for __________, and the movement to equilibrium will result in better terms of trade for __________. A) wine; France B) wine; Korea C) clothing; France D) clothing; Korea
At TOT1, there is excess demand for __________, and the movement to equilibrium will result in better terms of trade for __________.


A) wine; France
B) wine; Korea
C) clothing; France
D) clothing; Korea

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