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

Ask an Expert

Related Discussions:- .Exam Question, Assignment Help, Ask Question on .Exam Question, Get Answer, Expert's Help, .Exam Question Discussions

Write discussion on .Exam Question
Your posts are moderated

Write your message here..

Related Questions

Monetary Economics, What is the difference between money multiplier and cre... What is the difference between money multiplier and credit multiplier

Equilibrium, If the marginal disutility of labor increases, the equilibrium... If the marginal disutility of labor increases, the equilibrium real wage increases and the equilibrium quantity of labor goes up. True or false?

Unemployment, Assume an economy that is operating above full employment. A.... Assume an economy that is operating above full employment. A. Draw a correctly labeled AD/AS graph showing: i. the problem in the economy ii. current price level and output iii. fu

Determine about the gross domestic product growth, Determine about the gros... Determine about the gross domestic product Growth By (nominal) GDP-growth we mean % change in (nominal) GDP over a particular period of time. Real GDP growth is stated as perce

Economic laws and characteristics of economic laws, what is economic laws a... what is economic laws ans characteristics of economic laws?

Investment demand of the as-ad model, Q. Investment demand of the AS-AD mod... Q. Investment demand of the AS-AD model? Investment demand. As long as we keep nominal interest rate (and thus real interest rates) constant, there is no reason for demand for

Components in the costs of health care services, What are the key component... What are the key components in the costs of health care services?

Nj bureau of employment, The NJ Bureau of Employment gathered the following... The NJ Bureau of Employment gathered the following sample information on the number of hours unemployed workers spent looking for work last week. Hours Spent Searching Number of Un

IS LM , C=Ca+.95(Y-T) Ca=400-20r T=1200 + .4Y (M/P)^d = .35Y - 5r (M^s/P)=2... C=Ca+.95(Y-T) Ca=400-20r T=1200 + .4Y (M/P)^d = .35Y - 5r (M^s/P)=2000 Ip=1500-20r G=2200 NX=500-.06Y a. Compute the multiplier b. Derive the equation for Ap c. Derive the equatio

Quantity Theory of Money, 2. Use the Quantity Theory of Money to explain in... 2. Use the Quantity Theory of Money to explain inflation (a increase in the overall level of prices). (4 points) If you were a member of the Federal Reserve Board of the Governor