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Assume,for Singapore,that the Domestic Price of Soybeans Without International Trade

Question 15

Multiple Choice

Assume,for Singapore,that the domestic price of soybeans without international trade is higher than the world price of soybeans.This suggests that,in the production of soybeans,


A) Singapore has a comparative advantage over other countries and Singapore will import soybeans.
B) Singapore has a comparative advantage over other countries and Singapore will export soybeans.
C) other countries have a comparative advantage over Singapore and Singapore will import soybeans.
D) other countries have a comparative advantage over Singapore and Singapore will export soybeans.

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