It Is Possible to Determine How Much a Nation Will

question 65

Multiple Choice

It is possible to determine how much a nation will export over and above its domestic consumption at various international prices, other things being equal, by finding a set of equilibria. This schedule is:

• A) the import demand curve for a nation.
• B) the export supply curve for a nation.
• C) the production possibilities frontier for a nation.
• D) the "no-trade" equilibrium.

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