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.
Correct Answer:
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