Multiple Choice
If a country's PX/PY in autarky is less than the PX/PY on the world market, then, as the Country moves from autarky to trade, the relative price of good Y will __________ for Home consumers. Thus, consumers with a strong relative preference for good __________ would tend to oppose the movement to trade.
A) increase; Y
B) increase; X
C) decrease; Y
D) decrease; X
Correct Answer:

Verified
Correct Answer:
Verified
Q14: Which of the following does not contribute
Q15: Given the production-possibilities-frontier/community-indifference-curve diagram below,Where P is
Q16: In the diagram in Question #16 above,
Q17: "In a situation of increasing opportunity costs,
Q18: If country A's (P<sub>X</sub>/P<sub>Y</sub>) in autarky is
Q20: In the following graph, at point W
Q21: If two countries have identical production-possibilities frontiers
Q22: Given the diagram below, which shows country
Q23: (a) Using the neoclassical model, build the
Q24: Explain, using the PPF-indifference curve diagram, how