International Trade Equilibrium Occurs Where

question 25

Multiple Choice

International trade equilibrium occurs where:

• A) there is no further way to increase production of any commodity.
• B) the home excess supply curve intersects with the home excess demand curve.
• C) the total world import demand curve intersects with the total world export supply curve.
• D) the amount produced in each nation is just equal to the amounts produced in every other nation.

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