Suppose that a "small country" experiences growth strongly biased toward its export,cloth
A) this will have no effect on terms of trade for the country's trading partner.
B) this will tend to worsen the country's terms of trade.
C) this will tend to improve the country's terms of trade.
D) this will tend to worsen terms of trade for the country's trading partner.
E) this will tend to improve terms of trade for the country's trading partner.
Correct Answer:
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Q3: Other things being equal, a rise in
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A) indifference