If the opportunity cost of producing a good domestically exceeds the opportunity cost of purchasing it on the world market, a country can gain by
A) increasing production and decreasing imports.
B) increasing production and decreasing exports.
C) decreasing production and increasing exports.
D) decreasing production and increasing imports.
Correct Answer:
Verified
Q62: The world price of a good is
Q63: Refer to the following graph. 
Q64: In a many-worker economy the consumption possibilities
Q65: If this is a closed economy how
Q66: The United States imports shoes from third
Q68: If the price of a good in
Q69: If a country is a net importer
Q70: The price at which a good or
Q71: Refer to the following graph. 
Q72: What is the price of cars if
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents