In a Two-Nation Model, the Equilibrium World Price Will Occur

question 163

Multiple Choice

In a two-nation model, the equilibrium world price will occur where:

• A)one nation's export supply curve intersects the other nation's import demand curve.
• B)both nations' exports are exactly twice the level of imports.
• C)both nations' export supply curves are horizontal.
• D)both nations' import demand curves are vertical.

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