Multiple Choice
A country exports a good if
A) the world price of the good is above the country's no-trade equilibrium price.
B) it cannot import the good.
C) the quantity demanded of the good in the country is greater than the quantity supplied at the world price.
D) it has a high opportunity cost of production.
E) the world price of the good is below the country's no-trade equilibrium price.
Correct Answer:
Verified
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