Suppose nation 1 is an importer of good X.In a general equilibrium framework,an increase in the cost of producing good X in nation 2 will
A) decreased the price of good X and increase the volume of imports of good X
B) decreased the price of good X and decrease the volume of imports of good X
C) increase the price of good X and increase the volume of imports of good X
D) increase the price of good X and decrease the volume of imports of good X
Correct Answer:
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