The trade triangle of a country shows (A) The positive extent of the exploitation by that country of its trading partners (B) That the country is only trying to export commodities without any imports (C) That the number of units of the imported commodity must exactly equal the number of units of the exported commodity (D) That the value of its total quantity of imports and the value of its total quantity of exports are equal

UoH 2019 Question 5: Theories of international trade

The trade triangle of a country shows

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Theories of international trade has come up 151 times in 6 exams since 2006.

This question is on Offer curves and reciprocal demand, part of Theories of international trade in International Economics.

The Marshall-Edgeworth diagram that finds the equilibrium terms of trade.

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