Assume,for Canada,that the domestic price of steel without international trade is higher than the world price of steel.This suggests that,in the production of steel,

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If the domestic price of steel without international trade is higher than the world price of steel, it implies that Canada's production costs for steel are higher than those of other countries. Therefore, other countries have a comparative advantage over Canada in producing steel. As a result, Canada will import steel to avoid producing it domestically at a higher cost.

Assume,for Canada,that the Domestic Price of Steel Without International Trade