If the price difference for the same good in two countries is large enough, then only one country would gain from trade.
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Q44: The terms of trade between any two
Q45: Limits to mutually beneficial trade are determined
Q46: An improvement of a country's terms of
Q47: An improvement of a country's terms of
Q48: The terms of trade measures the relationship
Q50: If a large and a small country
Q51: Assume that the limits to mutually beneficial
Q52: based on the following information. Suppose a
Q53: based on the following information. Suppose a
Q54: based on the following information. Suppose a
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