A nation will neither export nor import a speciﬁc product when its

Question

Quizplus · Accepted Answer

When the domestic price of a product is equal to the world price, there is no incentive for a country to either export or import the product because it can obtain the product at the same price as it can produce it domestically. Therefore, option A is correct. Options B, C, and D do not accurately describe the conditions for a nation to neither export nor import a specific product.

A Nation Will Neither Export nor Import a Speciﬁc Product