If the terms of trade of a nation are 4 in a two-nation world, those of the trade partner are: ( )
A: 2
B: 0.25
C: 0.5
D: 4
A: 2
B: 0.25
C: 0.5
D: 4
举一反三
- A rich nation will trade with a poor nation because the:
- Trade with any nation can be mutually beneficial.
- In the absence of trade, a nation is in equilibrium where a community indifference curve:
- A voluntary export agreement A: Typically applies only to the world's most important exporting nation(s) B: Typically applies only to the world's least important exporting nation (s) C: Is always more restrictive on trade than a tariff or import quota D: All of the above
- Foreign trade is the exchange of goods or technologies or ( ) between one nation (or area) with other nations.