Multiple Choice
With other things unchanged, a rise in the average price of imports or a fall in the average price of exports will:
A) improve the terms of trade.
B) worsen the terms of trade.
C) expand the production possibilities frontier.
D) contract the production possibilities frontier.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q179: In order for the production possibilities frontier
Q180: It can be shown that differences in
Q181: In some cases, a country can export
Q182: If the maximum number of units of
Q183: If a consumer moves to a higher
Q185: If export prices increase, what can we
Q186: The flat part of Home's export supply
Q187: If the maximum number of units of
Q188: What is the MOST likely reason why
Q189: When a firm in one nation purchases