Posted: June 8th, 2016

What do you think would happen if we relax the ceteris paribus assumption and allow for the law of demand to operate internationally?

What do you think would happen if we relax the ceteris paribus assumption and allow for the law of demand to operate internationally?

Other things being equal, a rise in a country s terms of trade increases its welfare. What do you think would happen if we relax the ceteris paribus assumption and allow for the law of demand to operate internationally?

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