Multiple Choice
A rise in the price of imports or a fall in the price of exports will
A) improve the terms of trade.
B) worsen the terms of trade.
C) expand the production possibilities frontier.
D) contract the production possibilities frontier.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q170: If the international terms of trade lies
Q171: A nation that gains from trade will
Q172: A nation's trade triangle denotes its exports,
Q173: Digital trade involves exchange of all EXCEPT<br>A)
Q174: Explain the Law of Comparative Advantage.
Q176: Introducing indifference curves into our trade model
Q177: A fall in the price of imports
Q178: Mutually beneficial trade for two countries occurs
Q179: If two nations of approximately the same
Q180: Germany has the absolute advantage in producing