Changes in a "large" country's economic conditions or trade policies can affect the terms at which it trades with other countries.

Question

Quizplus · Accepted Answer

Economic conditions and trade policies of a large country can affect its trade with other countries, including the small nation in the market for gasoline shown in Figure 4.4. Therefore, changes in a large country's economic conditions or trade policies can have an impact on the small nation's market for gasoline.

Changes in a "Large" Country's Economic Conditions or Trade Policies