A country will gain relatively more from trade when
A) trade is regulated.
B) the world price is close to the country's opportunity cost of the good.
C) the world price is below the country's opportunity cost of the good.
D) the world price is much greater than the country's opportunity cost for the good.
Correct Answer:
Verified
Q3: Q4: Which economist introduced the simple trade model Q5: In the simple trade model,what is assumed Q6: Suppose Mexico can produce 5 autos or Q7: Which of the following is true? Q8: Based on Table 3.1,trade between the United Q9: Why did Adam Smith criticize the trade Q10: Based on Table 3.1,the pre-trade relative price Q11: Based on Table 3.1,if the world price Q71: What is productivity?
A)Adam Smith
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