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Assume,for the U

Question 36

Multiple Choice

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


A) the U.S. has a comparative advantage over other countries and the U.S. will export wheat.
B) the U.S. has a comparative advantage over other countries and the U.S. will import wheat.
C) other countries have a comparative advantage over the U.S. and the U.S. will export wheat.
D) other countries have a comparative advantage over the U.S. and the U.S. will import wheat.

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