Given free trade, small nations tend to benefit * :the most from trade since they Export Price Index Import Price Index Country 1990 2000 1990 2000 220 Мexico Sweden 100 200 150 100 100 160 100 Spain 100 155 100 155 France 100 170 100 230 Denmark 100 120 100 125 Realize terms of trade lying near the MRTS of .their large trading partners Are more productive than their large trading partners Are less productive than their large trading partners Have demand preferences and income levels lower than their large trading partners

Given free trade, small nations tend to benefit * :the most from trade since they Export Price Index Import Price Index Country 1990 2000 1990 2000 220 Мexico Sweden 100 200 150 100 100 160 100 Spain 100 155 100 155 France 100 170 100 230 Denmark 100 120 100 125 Realize terms of trade lying near the MRTS of .their large trading partners Are more productive than their large trading partners Are less productive than their large trading partners Have demand preferences and income levels lower than their large trading partners

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Given free trade, small nations tend to benefit
* :the most from trade since they
Export Price Index Import Price Index
Country
1990
2000
1990
2000
100
Mexico
Sweden
220
100
200
100
160
100
150
155
Spain
France
100
100
155
100
170
100
230
Denmark
100
120
100
125
Realize terms of trade lying near the MRTS of
their large trading partners
Are more productive than their large trading
-partners
Are less productive than their large trading
partners
Have demand preferences and income levels
lower than their large trading partners

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