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.Exam Question, Macroeconomics
If a country allows trade and, for a certain good, the domestic price without trade is lower than the world price.
A) the country will be an exporter of the good.
B) the country will be an importer of the good.
C) The country will be neither an exporter noe an importer of the good.
D) Additional information is needed about demand to determine whether the country will be an exporter of the good, an importer of the good, or neither.
Posted Date: 3/16/2013 2:41:57 AM | Location : United States
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