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    International Economics Study Set 10
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    Exam 3: Gains and Losses From Trade in the Specific-Factors Model
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    As a Nation Opens Trade, the Relative Prices of Products
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As a Nation Opens Trade, the Relative Prices of Products

Question 101

Question 101

Multiple Choice

As a nation opens trade, the relative prices of products it
Exports will __________ and the relative prices of
Products it imports will ___________.


A) rise; fall
B) fall; rise
C) remain constant; fall
D) rise; remain constant

Correct Answer:

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