When free trade prevails,the
A) domestic prices of imported items rise and of exported items decline.
B) domestic prices of both imported and exported items rise.
C) domestic prices of exported items rise in the exporting country and decline in the importing country.
D) domestic prices of imported and exported items remain the same.
E) laws of supply and demand are replaced by the law of comparative advantage.
Correct Answer:
Verified
Q17: Exports from the United States are the
Q18: Exports from the United States
A) represent about
Q19: A country that is able to produce
Q20: The following question are based on the
Q21: One of the first economists to understand
Q23: The following question are based on the
Q24: If a country maintains its level of
Q25: If there are no barriers to trade,the
Q26: For trade to benefit a nation,its consumption
Q27: If the United States can produce 10,000
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents