Multiple Choice
An increase in the index of income terms of trade implies that
A) A country cannot import more goods in exchange for its exports
B) A country can import more goods in exchange for its exports
C) A country cannot export more goods in exchange for its imports
D) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q14: Mill's theory of reciprocal demand indicates a<br>A)Country's
Q15: The ratio between the price of a
Q16: When a country's import price relatively rises
Q17: The classical theorists believed that the gains
Q18: A single factoral terms of trade shows
Q20: The gains from trade refers to<br>A)A duty
Q21: The terms of trade refers to the
Q22: The types of terms of trade does
Q23: In the modern trade theory, the gains
Q24: Mill's theory of reciprocal demand is based