With reference to the statement in Question 6,if 3X is exchanged for 3Y:
A) nation A gains 2X
B) nation B gains 6Y
C) nation A gains 3Y
D) nation B gains 3Y
Correct Answer:
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Q1: Which of the following statements is true?
A)The
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Q3: A difference in relative commodity prices between
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A)free trade
B)stimulating the
Q7: Ricardo explained the law of comparative advantage
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Q9: If in a two-nation (A and B),two-commodity
Q10: What proportion of international trade is based
Q11: The commodity in which the nation has
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