The equilibrium prices and quantities established after trade are fully determinate if we know
A) the location of all countries' indifference curves.
B) the shape of each country's production possibilities frontier.
C) the comparative costs of each trading partner.
D) the strength of world supply and demand for each good.

Question

Quizplus · Accepted Answer

The Answer of The equilibrium prices and quantities established after trade are fully determinate if we know
A) the location of all countries' indifference curves.
B) the shape of each country's production possibilities frontier.
C) the comparative costs of each trading partner.
D) the strength of world supply and demand for each good.

The Equilibrium Prices and Quantities Established After Trade Are Fully