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Type: Posts; User: hotshot02

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  1. Answers
    1
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    3,158

    Trading Triangle Concept

    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...
  2. Question: True or False

    by hotshot02
    Answers
    0
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    782

    True or False

    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.
  3. Question: Trade

    by hotshot02
    Answers
    0
    Views
    1,027

    Trade

    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....
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