A rise in the price of imports or a fall in the price of exports will
A: improve the terms of trade
B: worsen the terms of trade
C: Expand the production possibilities curve
D: Contract the production possibilities curve
A: improve the terms of trade
B: worsen the terms of trade
C: Expand the production possibilities curve
D: Contract the production possibilities curve
举一反三
- Should Canada impose a tariff on imports, one would expect Canada's:（ ） A: Terms of trade to improve and volume of trade to decrease B: Terms of trade to worsen and volume of trade to decrease C: Terms of trade to improve and volume of trade to increase D: Terms of trade to worsen and volume of trade to increase
- A rise in the price of imports or a fall in the price of exports will:
- A nation maximizes satisfaction by reaching the highest possible indifference curve， and in the absence of trade will produce where its production possibilities schedule is tangent to an indifference curve.（ ）
- If an economy is represented by a point inside its production possibilities curve:
- The price terms<br/>in the international trade contract include ( ) A: the measuring<br/>unit B: the amount of unit price C: currency D: trade terms E: the above all