The difference in price ratios of two commodities in the two trading countries is
A) Potential gains
B) Partial gains
C) Actual gains
D) None of the above
Correct Answer:
Verified
Q2: The ratio between the quantities of a
Q3: J.S.Mill introduced the theory of reciprocal demand
Q4: Mill's theory of reciprocal demand indicates a
A)Country's
Q5: The gains from trade refers to
A)A duty
Q6: The ratio between the price of a
Q7: An increase in the index of income
Q8: The terms of trade refers to the
Q9: The types of terms of trade does
Q10: In the modern trade theory, the gains
Q11: Under the gains from international trade, the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents