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book Essentials of Economics 7th Edition by Gregory Mankiw cover

Essentials of Economics 7th Edition by Gregory Mankiw

النسخة 7الرقم المعياري الدولي: 978-1285165950
book Essentials of Economics 7th Edition by Gregory Mankiw cover

Essentials of Economics 7th Edition by Gregory Mankiw

النسخة 7الرقم المعياري الدولي: 978-1285165950
تمرين 21
If a nation that does not allow international trade in steel has a domestic price of steel lower than the world price, then
A) the nation has a comparative advantage in producing steel and would become a steel exporter if it opened up trade.
B) the nation has a comparative advantage in producing steel and would become a steel importer if it opened up trade.
C) the nation does not have a comparative advantage in producing steel and would become a steel exporter if it opened up trade.
D) the nation does not have a comparative advantage in producing steel and would become a steel importer if it opened up trade.
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Comparative advantage refers that the ab...

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Essentials of Economics 7th Edition by Gregory Mankiw
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