In international trade jargon, an economy is said to be a large country if:
A) it is a price-taker in the world market.
B) a majority of its production is consumed domestically.
C) a decline in its exports raises the world price of those goods.
D) a decline in its imports does not affect its terms of trade.
Correct Answer:
Verified
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Q14: Which of the following statements is true?
A)Increases
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