MCQOPTIONS
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| 1. |
If the international terms of trade settle at a level that is between each country’s opportunity cost ? |
| A. | There is no basis for gainful trade for either country |
| B. | Both countries gain from trade |
| C. | Only one country gains from trade |
| D. | One country gain and the other country loses from trade |
| Answer» C. Only one country gains from trade | |