When a nation starts opening up to international trade, it will see falling prices for

Question

Quizplus · Accepted Answer

When a nation opens up to international trade, it will see falling prices for the goods that it imports. This is because increased competition and access to a larger market will create more supply of these goods, which will in turn decrease their prices. The other options may or may not see falling prices depending on the specific circumstances of the nation's comparative advantage and the global market conditions.

When a Nation Starts Opening Up to International Trade, It