Question 3b- 5 Trade triangles of the partner and the home country in a two-country analysis are congruent because: Trading prices (Px/Py) are different for each country Exports of the home country are imports of the partner country.
Question 3b- 5 Trade triangles of the partner and the home country in a two-country analysis are congruent because: Trading prices (Px/Py) are different for each country Exports of the home country are imports of the partner country.
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter3: Interdependence And The Gains From Trade
Section: Chapter Questions
Problem 4CQQ
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![QUESTION 8
Question 3b- 5
Trade triangles of the partner and the home
country in a two-country analysis are congruent
because:
O Trading prices (Px/Py) are different for each country.
O Exports of the home country are imports of the parther country.
O Trading prices (Px/Py) are lower for each country.
The general equilibrium condition is met by both countries.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdd80c774-faa2-458d-a658-9040996387a0%2Fb15603e7-043e-4ece-9a13-c0e4eb9932bd%2Fv6orqs_processed.jpeg&w=3840&q=75)
Transcribed Image Text:QUESTION 8
Question 3b- 5
Trade triangles of the partner and the home
country in a two-country analysis are congruent
because:
O Trading prices (Px/Py) are different for each country.
O Exports of the home country are imports of the parther country.
O Trading prices (Px/Py) are lower for each country.
The general equilibrium condition is met by both countries.
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