international economics question and need an explanation and answer to help me learn.
Suppose country A produces two goods beer and wine, if it specialises in the production of beer and its marginal propensity to consume beer is larger as compared to country B, then a transfer of income by country A to country B
select one or more
1. shift the RD curve rightwards and will increase the equilibrium related price of beer.
2. shift the RD curve leftwards and will reduce the equilibrium related price of beer.
3. shift the RD curve rightwards and will reduce the equilibrium related price of beer.
4. shift the RD curve leftwards and will increase the equilibrium related price of beer.
Requirements: | .doc file
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