If the price of a good in a closed economy is lower than the world price, then with an open economy this country will be a ________ of that good.

Name: If the price of a good in a closed economy is lower than the world price, then with an open economy this country will be a ________ of that good.
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Question

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If the price of a good or service in a closed economy is lower than the world price, and that economy opens itself up to trade, the economy will tend to become a net exporter of that good or service.

If the Price of a Good in a Closed Economy