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  3. Study Set
    International Economics Study Set 12
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    Exam 2: Foundations of Modern Trade Theory Comparative Advantage
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    Assume 1990 to Be the Base Year
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Assume 1990 to Be the Base Year

Question 200

Question 200

True/False

Assume 1990 to be the base year.If by the end of 2004 a country's export price index rose from 100 to 140 while its import price index rose from 100 to 160, its terms of trade would equal 120.

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