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1)The autarky price ratio: A.must be the same in both countries for trade to be mutually advantageous B.is the price ratio when there is no

1)The autarky price ratio:

  • A.must be the same in both countries for trade to be mutually advantageous
  • B.is the price ratio when there is no international trade
  • C.is the price ratio when there is mutually advantageous international trade
  • D.is the ratio of the price of government-produced products in one country to government-produced products in the other country

  • 2)A market oriented industry is one in which the product:
  • A.loses weight in processing
  • B.both of the above
  • C.gains weight in processing
  • D.neither a nor b.

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