In a two by two model of international trade, it is assumed that

a

both countries could gain from trade at the same time, but term of trade is inconsequential for the distribution of the gains

b

both countries could gain from trade at the same time, but the volume of the gains depends on terms of trade

c

neither country could ever gain from trade since term of trade is depends on the distribution of the gains from trade

d

both countries could gain from trade at the same time, and the volume of the gains does not depend on terms of trade

Download Offline App Ask a Question

Explanation

Correct Option
b

Video Explanation

No video available

Post your Contribution

Share:

Discussions (0)

No comments yet

Be the first to comment

Quick Questions

Ask a Question
CO

ceoofwahala

20th June, 2026

Chemistry


2 comments

ASSAAS

20th June, 2026

English Language


5 comments

infinitehoaxx

21st May, 2026

Computer


4 comments