Solved

If a Country That Has a Comparative Advantage at Producing

Question 94

Multiple Choice

If a country that has a comparative advantage at producing tea moves from autarky to free trade, what reaction would we expect to see in the world market?


A) Domestic tea producers would be opposed.
B) Foreign tea producers would be opposed.
C) Foreign tea consumers would be opposed.
D) Foreign producers would be in favor of.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents