-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:
Noncompete Clause
A contract provision prohibiting an employee from working in a competing business for a specified period after leaving the company.
Right to Be Informed
A consumer right that ensures individuals have access to complete and accurate information before making purchasing decisions.
Web Retailer
A business that sells products or services exclusively over the Internet, without a physical storefront.
Personal Information
Data relating to an individual that can be used to identify, contact, or locate a person, including but not limited to name, address, and phone number.
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