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The trading-triangle concept is used to indicate a nation's:
a. Exports, marginal rate of transformation
b. Imports, terms of trade, marginal rate of transformation
c. Marginal rate of...

In the long run, competitiveness depends on an industry's natural resources, its stock of machinery and equipment, and the skill of its workers in creating goods that people want to buy.

With trade, a country will maximize its satisfaction when it:
a. Moves to the highest possible indifference curve
b. Forces the marginal rate of substitution to its lowest possible value
c....