Gains from trade depends on
A) Relative strength of elasticity of demand for export and import good
B) Size of the country
C) Change in technology
D) All of the above
Correct Answer:
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Q15: The term 'factor intensity' refers to
A)The relative
Q16: The fundamental reason why different countries involve
Q17: If a country has favourable terms of
Q18: The income terms of trade is
A)The net
Q19: Which factor does not influence terms of
Q21: The principle of reciprocal demand was introduced
Q22: Terms of trade expresses the relationship between
A)Balance
Q23: The difference in the domestic cost ratios
Q24: The two types of gains from trade
Q25: In case of Mill's theory, where country
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