-Suppose, as a result of various dynamic factors associated with exposure to international competition, Albania's economy grew, and is now represented by the rightmost production possibility frontier in the figure above. If its point of production with trade was point c, would you consider this growth to be export-biased or import biased?
If Albania were a large country with respect to the world trade of A and B, how would this growth affect Albania's terms of trade?
Its real income?
Definitions:
Social Role
The part an individual plays in society and the expectations associated with that position, based on norms and relationships.
Expected Behavior
The actions or reactions that are anticipated from someone in a particular role or situation based on societal or cultural norms.
Mental Illness
A wide range of mental health conditions that affect mood, thinking, and behavior, potentially causing distress or difficulty in functioning in social, work, or family activities.
Limited Mobility
The state or condition of having restricted ability to move freely, often due to physical, social, economic, or environmental factors.
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