The offer curve of a country is based on
A)Relative prices
B)Price of exports
C)Price of imports
D)Volume of exports

Question

Quizplus · Accepted Answer

The offer curve of a country is based on relative prices, which reflect the trade-off between exports and imports at different levels of trade. It shows how the quantity of exports a country is willing to offer varies with changes in the relative price of its exports in terms of imports.

The Offer Curve of a Country Is Based on