In Statement 2, McFadden is most likely failing to consider: A. the initial gap between the country's

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In Statement 2, McFadden is most likely failing to consider:

A. the initial gap between the country's imports and exports.

B. the price elasticity of export demand versus import demand.

C. the lag in the response of import and export demand to price changes.

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Economics For Investment Decision Makers

ISBN: 9781118111963

1st Edition

Authors: Sandeep Singh, Christopher D Piros, Jerald E Pinto

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