Multiple Choice
In a two-country, two-good model, the
A) exports of one country must equal the imports of the other country.
B) exports of one country can exceed the imports of the other country.
C) exports of one country can be less than the imports of the other country.
D) terms of trade always occur halfway between the two pretrade equilibrium prices.
Correct Answer:
Verified
Correct Answer:
Verified
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