.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

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
Related Questions
Give example of commercial banks how they create money For example, the borrower uses the money to buy an apartment, the funds are transferred to the seller of the apartment. T

No indifference curve can intersect due to all points on indifference curve are ranked equally preferred and ranked or less more preferred than each other point on the curve.

# ???? .. difference between gdp at market price and nnp at factor cost

Over the last year both the supply and demand for oil in the US has gone up. What might have caused this and what happened to the price and quantity of oil?

Why is GNP C+ I + G + (X- M)+ NR + NP. What is relationship between X - M and NR + NP

Consider an economy that produces only three types of fruit: apples, oranges & bananas. In the base year the production & price data are as follows: Fruit

This problem involves the question of computing change for a given coin system. A coin system is defined to be a sequence of coin values v1 (a) Let c ≥ 2 be an integer constant

1.    Estimating Women's Labor Supply a.    The following regression was run for an estimate of the current women's labor supply curve: Where h i = hours of labor suppl

A perfectly competitive painted necktie industry has a large number of potential entrants. Each firm has an identical cost structure such that long-run average cost is minimized at

Prepare calculations and a one to two page analysis, following the APA guidelines, that addresses the following: Assuming that the expectations theory is the correct theory of the