Suppose that a country with a closed economy opens itself to international trade and becomes a net exporter. In that case, domestic suppliers will supply ________ of that good after it opens itself to international trade.

Question

Quizplus · Accepted Answer

If a country becomes a net exporter of a good or service when it opens itself up to trade, then domestic production of that good will increase relative to when the economy was closed.

Suppose That a Country with a Closed Economy Opens Itself