When, in our analysis of the gains and losses from international trade, we assume that a particular country is small, we are
a. assuming the domestic price before trade will continue to prevail once that country is opened up to trade with other countries.
b. assuming there is no demand for that country's domestically-produced goods by other countries.
c. assuming international trade can benefit producers, but not consumers, in that country.
d. making an assumption that is not necessary to analyze the gains and losses from international trade.
d
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When testing joint hypothesis, you can use
A) the F- statistic B) the chi-squared statistic C) either the F-statistic or the chi-square statistic D) none of the above
As a result of an expansionary monetary policy ________
a. both aggregate expenditure and aggregate demand increase b. both aggregate expenditure and aggregate demand decrease. c. aggregate expenditure increases and aggregate demand decreases. d. aggregate expenditure decreases and aggregate demand increases. e. aggregate expenditure remains unchanged; aggregate demand increases.