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Author Question: An increase in a country's net commodity terms of trade will A) not always guarantee positive ... (Read 110 times)

beccaep

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on: Jun 30, 2018
An increase in a country's net commodity terms of trade will
 
  A) not always guarantee positive changes in the country's economy.
  B) always increase the country's economic welfare.
  C) always increase the country's real income.
  D) never increase the country's quantity of exports.
  E) always increase the country's production of its import competing good.

Question 2

Which of the following countries is not a member of NAFTA?
 
  A) Canada.
  B) The United States of America.
  C) Mexico.
  D) All three countries form part of NAFTA.


aloop

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

D


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