Which of the following statements is not correct?
A) The demand for imports is given by the excess demand for the commodity
B) the supply of exports is given by the excess supply of the commodity
C) the supply curve of exports is flatter than the total domestic supply curve of the commodity
D) the supply curve for exports is more inelastic than the total domestic supply curve of the commodity.
Correct Answer:
Verified
Q2: Export prices must rise for a nation
Q5: If the nation's tastes for its import
Q10: If a nation does not affect world
Q11: The offer curve of a nation shows:
A)the
Q12: In what way does partial equilibrium analysis
Q13: At a relative commodity price above equilibrium
A)
Q14: If the nation's taste for its import
Q15: If the terms of trade of a
Q18: Which of the following statements regarding general
Q19: The offer curve of a nation curves
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