Which of the following concepts is not used in the derivation of an offer curve of a country?
Currency-market equilibrium is not needed to construct a country's offer curve. The construction combines production possibilities and preferences with alternative terms of…
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Which of the following concepts is not used in the derivation of an offer curve of a country?
Answer and explanation
Correct answer D
Currency-market equilibrium is not needed to construct a country's offer curve. The construction combines production possibilities and preferences with alternative terms of trade to obtain desired export-import bundles.
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Gujarat SET (GSET)