The Gains from Trade Are Larger for a Particular Country

question 211

True/False

The gains from trade are larger for a particular country if the post-trade relative price settles closer to the pre-trade relative price of the other country.

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Definitions:

Capitalization

The use of uppercase letters at the beginning of sentences or proper nouns; also refers to the total value of a company's shares on the stock market.

Microcomputers

Small-scale computers designed for individual use, offering processing capabilities for software applications and internet access, typical examples include personal computers and laptops.

Fourth Of July

This term refers to Independence Day in the United States, a federal holiday commemorating the adoption of the Declaration of Independence on July 4, 1776.

Capitalization

The process of using uppercase letters at the beginning of sentences and proper nouns, or the total value of a company's outstanding shares.