Assume for the U.S.that the domestic price of bananas without international trade is higher than the world price of bananas.This suggests that
A) the U.S.has a comparative advantage over other countries in the production of bananas,and the U.S.will export bananas.
B) the U.S.has a comparative advantage over other countries in the production of bananas,and the U.S.will import bananas.
C) other countries have a comparative advantage over the U.S.in the production of bananas,and the U.S.will export bananas.
D) other countries have a comparative advantage over the U.S.in the production of bananas,and the U.S.will import bananas.
Correct Answer:
Verified
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