This graph demonstrates the domestic demand and supply for a good,as well as a quota and the world price for that good. 
According to the graph shown,if this economy opens itself to free trade,it will become a:
A) net importer.
B) net exporter.
C) autarky.
D) quota rent seeker.
Correct Answer:
Verified
Q127: The World Trade Organization (WTO)is an international
Q129: This graph demonstrates the domestic demand and
Q130: Import standards on specific countries:
A)are less common
Q131: This graph demonstrates the domestic demand and
Q133: Every government's set of policies used to
Q133: The problem of inconsistent standards across nations
Q134: The effect of quotas is:
A)to drive up
Q135: As a general rule,free trade:
A)increases demand for
Q136: When a nation imposes a blanket standard
Q139: Blanket standards on imports usually address issues
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