If a country has favourable terms of trade, it will claim
A) A larger share in the distribution of gains
B) An equal share in the distribution of gains
C) A smaller share in the distribution of gains
D) None of the above
Correct Answer:
Verified
Q12: The production possibility curve represents
A)The supply side
B)The
Q13: Relative factor abundance in H-O theory of
Q14: The slope of the production possibility curve
Q15: The term 'factor intensity' refers to
A)The relative
Q16: The fundamental reason why different countries involve
Q18: The income terms of trade is
A)The net
Q19: Which factor does not influence terms of
Q20: Gains from trade depends on
A)Relative strength of
Q21: The principle of reciprocal demand was introduced
Q22: Terms of trade expresses the relationship between
A)Balance
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