If the domestic price is above the world price of a certain product, the domestic country will import the product.

Name: If the domestic price is above the world price of a certain product, the domestic country will import the product.
Brand: Quizplus
Rating: 4.9 (36 reviews)

Question

Quizplus · Accepted Answer

When the domestic price of a product is above the world price, it means that the product can be purchased more cheaply from foreign producers, leading the domestic country to import the product to take advantage of the lower prices.

If the Domestic Price Is Above the World Price of a Certain