For a single country to influence the price of a particular good in the world market:
A) the country must be considered a price taker.
B) the quantity of the good produced and consumed by the country must be small relative to the total amount bought and sold worldwide.
C) the quantity of the good produced and consumed by the country must be large relative to the total amount bought and sold worldwide.
D) the country must be large relative to other nations in the world.
Correct Answer:
Verified
Q84: The graph shown demonstrates the domestic demand
Q85: The graph shown demonstrates the domestic demand
Q86: A country that produces and consumes a
Q87: The graph shown demonstrates the domestic demand
Q88: When a price-taking country joins the global
Q90: Which of the following is a common
Q91: Which of the following is a common
Q92: A country that produces and consumes a
Q93: Which of the following must be true
Q94: If a country that has a comparative
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