This graph demonstrates the domestic demand and supply for a good,as well as the world price for that good.
According to the graph shown,if this economy were open to free trade,it would:
A) import this good because the domestic price is greater than the world price.
B) export this good because the domestic price is greater than the world price.
C) import this good because the world price is greater than the domestic price.
D) export this good because the world price is greater than the domestic price.
Correct Answer:
Verified
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Q59: Imports are goods and services that are
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