题目内容
The theory of reciprocal demand best applies whe one country has a " large " economy and the other country has a "small" economy.
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If two nations of approximately the same size and with simalar taste patterns participate in international trade, the gains from trade tend to be shared about equally between them.
The expression "importance of being unimportant" suggests that if one nation is much large than the other, the larger nation realizes most of the gains from trade while the smaller nation realizes fewer gains from trade.
An improvement in a nation's terms of trade occurs if the prices of its exports rise relative to the prices of its imports over a given time period.
If a country's terms of trade worsen, it must exchange fewer exports for a given amount of imports.
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