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    Exam 2: Foundations of Modern Trade Theory Comparative Advantage
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    The Terms of Trade Is Given by the Prices
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The Terms of Trade Is Given by the Prices

Question 57

Question 57

Multiple Choice

The terms of trade is given by the prices


A) paid for all goods imported by the home country.
B) received for all goods exported by the home country.
C) received for exports and paid for imports.
D) of primary products as opposed to manufactured products.

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