Economics · International Economics
Which of the following is NOT correct about offer curves?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Offer curves were devised and introduced in International Economics by Marshall and Edgeworth.
- 2The offer curve of a nation shows the nation's willingness to import and export at various relative commodity prices.
- 3The offer curve of a nation can be derived from the nation's production frontier.
- 4Offer curve of a nation bends towards the axis measuring the commodity of its comparative disadvantage.✓
Correct answer
Offer curve of a nation bends towards the axis measuring the commodity of its comparative disadvantage.
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