Taiwan exports tools to the United States. Consumers in Taiwan will probably pay a(n)________ price for tools with free trade than they would with a closed economy.

Name: Taiwan exports tools to the United States. Consumers in Taiwan will probably pay a(n)________ price for tools with free trade than they would with a closed economy.
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Question

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If a country is a net exporter of a good, it implies that the world price of the good is higher than the price when the economy is closed.

Taiwan Exports Tools to the United States