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Whichofthefollowingterms-of-trade concepts is calculated by dividing the change in a country's export price index by the change in its import price indexbetween two points in time,multiplied by 100 to express the terms of trade in percentages?

A. Commodity terms of trade
B. Marginal rate oftransformation
C. Marginal rate of substitution
D. Autarky price ratio

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The best explanation of the gains from trade that David Ricardo could provide was to describe only the outer limits within which the quiilibrium terms of trade would fall. This is because Ricardo's theory did not recognize how market prices are influenced by:

A. Demandconditions
B. Supply conditions
C. Business expectattions
D. Profit patterns

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Underfree trade, Swedenenjoysall of the gains from trade with Holland if Sweden:

A. Trades at Holland's rate oftransformation
B. TradesatSweden'srate oftransformation
C. Specializescompletely in the production of its export good
D. Specializes partially intheproduction of its export good

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BecausetheRicardiantradetheoryrecognizedonlyhowsupplyconditionsinfluenceinternationalprices,itcould determine:

A. Theequilibriumtermsoftrade
B. Theouterlimitsforthetermsoftrade
C. Whereacountrychooses to locate along its production possibilities curve
D. Where acountrychoosesto locate along its tradetriangle

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The terms of trade is given by the prices:

A. Paidforall goods imported bythehomecountry
B. Received for all goods exported by the home country
C. Receivedforexports and paid for imports
D. Ofprimaryproducts as opposed to manufactured products

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Whichofthefollowingterms-of-trade concepts is calculated by dividing the change in a country's export price index by the change in its import price indexbetween two points in time,multiplied by 100 to express the terms of trade in percentages?

A. Commodity terms of trade B. Marginal rate oftransformation C. Marginal rate of substitution D. Autarky price ratio

The best explanation of the gains from trade that David Ricardo could provide was to describe only the outer limits within which the quiilibrium terms of trade would fall. This is because Ricardo's theory did not recognize how market prices are influenced by:

Underfree trade, Swedenenjoysall of the gains from trade with Holland if Sweden:

BecausetheRicardiantradetheoryrecognizedonlyhowsupplyconditionsinfluenceinternationalprices,itcould determine:

The terms of trade is given by the prices:

A. Commodity terms of trade
B. Marginal rate oftransformation
C. Marginal rate of substitution
D. Autarky price ratio