The trading-triangle concept is used to indicate a nation's:
A) Exports,marginal rate of transformation,terms of trade
B) Imports,terms of trade,marginal rate of transformation
C) Marginal rate of transformation,imports,exports
D) Terms of trade,exports,imports
Correct Answer:
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A) Resources are
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Q14: Unlike the mercantilists,Adam Smith maintained that:
A) Trade
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Q18: The mercantilists would have objected to:
A) Export
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Q22: The gains from international trade increase as:
A)
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