If the world terms of trade equal those of country H, then
A) country H but not country F will gain from trade.
B) country H and country F will both gain from trade.
C) neither country H nor F will gain from trade.
D) only the country whose government subsidizes its exports will gain.
E) country F but not country H will gain from trade.
E
You might also like to view...
The amount of funds the Social Security system has loaned the federal government is
A) excluded from the net public debt. B) added to the gross public debt to calculate the net public debt. C) included in the net public debt. D) not included in the gross public debt.
There has been catch-up among ________, but there has not been catch-up among ________
A) developing countries such as Niger; industrialized countries such as Japan B) developing countries such as Niger; all countries of the world C) industrialized countries such as Japan; all countries of the world D) all countries of the world together; industrialized countries such as Japan
The short-run Phillips curve is ________ than the long-run Phillips curve
A) flatter B) steeper C) less stable D) Both B and C are correct.
In the Hotelling model of spatial competition, profits arise from:
a. monopoly power. b. rents based on locational advantage. c. the ability to price discriminate. d. increasing returns to scale.