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A Nation Realizes Maximum Gains from Trade at the Point

question 61

True/False

A nation realizes maximum gains from trade at the point where the international terms-of-trade line is tangent to its community indifference curve.


Definitions:

Language

A system of communication used by a particular country or community.

Hyperbole

A rhetorical device that uses an exaggeration.

Rhetorical Device

Techniques used in writing or speaking to persuade, inform, or entertain the audience, such as metaphors, similes, and alliteration.

Exaggeration

A statement that represents something as better or worse than it really is.

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