The rate at which two countries trade one good for another
A) is known as the foreign exchange rate
B) is known as the terms of trade
C) is known as the export line
D) equals the slope of the import line
E) equals the common slope of the countries' production possibilities frontiers
Correct Answer:
Verified
Q43: Exhibit 19-2 Q44: Exhibit 19-2 Q45: Absolute advantage Q46: A country should export only those goods Q47: World output will be maximized if each Q49: International trade does all the following except 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
A)is the same as comparative advantage
B)implies
A)allow
