Assume, for the U.S., that the domestic price of beef without international trade is lower than the world price of beef. This suggests that with trade,
A) the U.S. has a comparative advantage in the production of beef over other countries and the U.S. will export beef.
B) the U.S. has a comparative advantage in the production of beef over other countries and the U.S. will import beef.
C) other countries have a comparative advantage over the U.S. in the production of beef and the U.S. will export beef.
D) other countries have a comparative advantage over the U.S. in the production of beef and the U.S. will import beef.
Correct Answer:
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