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christopher mar christopher mar
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6 years ago
Who sells what to whom
 
  A) has been a major preoccupation of international economics.
  B) is not a valid concern of international economics.
  C) is not considered important for government foreign trade policy since such decisions are made in the private competitive market.
  D) is determined by political rather than economic factors.
  E) is less important than international economic theory.


Question 2 - Suppose Albania is exporting product B, and experienced economic growth biased in favor of product B as seen in the figure above. We are also told that Albania's new consumption point is at point d.
 
  Would you still consider the economic growth, which took place biased in favor of B? If Albania were a large country how would this growth affect its terms of trade?
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richprackrichprack
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6 years ago
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6 years ago
Ready for finals
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