-Refer to the above diagram pertaining to two nations and a specific product.The equilibrium level of exports and imports occurs at:

Question

Quizplus · Accepted Answer

The equilibrium level of exports and imports occurs at point H, where the export supply curve (GB) and the import demand curve (FC) intersect. This intersection determines the equilibrium quantity and price for trade between the two nations.

-Refer to the Above Diagram Pertaining to Two Nations and a Specific