If a country has the comparative advantage in producing cloth, we would predict that in the market for cloth, the autarky price would be the world price and the country would choose
to cloth.
A.less than; export
B.greater than; export
C.less than; import
D.the same as; export
Correct Answer:
Verified
Q104: If a nation imports a good when
Q117: Figure: The Market for Roses

Q119: Figure: The Market for Oranges in South
Q120: Figure: The Market for Oranges in South
Q121: Assume an economy moves from autarky to
Q123: If a country has the comparative advantage
Q124: Figure: The Domestic Market for Rice
(Figure: Domestic
Q125: Figure: The Market for Computers

Q126: Figure: The Market for Computers
(Figure: The Market
Q127: Figure: The Market for Computers

Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents