When supply of exports is elastic, a country will have ________________ terms of trade.

Related MCQs

• A free trade area is a trade bloc where ________________
• Income terms of trade indicate increased capacity to ________________.
• Utility terms of trade was introduced by ________________.
• International trade increases the welfare of ________________
• ________________ is not an objective of commercial trade policy.
• When the demand curve for foreign currency, intersects the supply curve, we get ________________ exchange rate.
• Ricardian theory assumes that labour is ________________ within the country.