Multiple Choice
If a home country is exporting corn and importing bikes and if the relative price Pc/Pb is increasing, then:
A) the home country will export less corn.
B) the home country will export more corn.
C) the home country will import the same number of bikes.
D) there is no change in the trade pattern for the home country.
Correct Answer:
Verified
Correct Answer:
Verified
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