For a country to be a price taker in the global market for some good:
A) the quantity it produces and consumes must be very small relative to the total amount of that good bought and sold worldwide.
B) the quantity it produces and consumes must be very large relative to the total amount of that good bought and sold worldwide.
C) there must be many sellers all supplying a very significant amount to the market.
D) there must be many buyers all buying a large amount from the market.
Correct Answer:
Verified
Q71: This graph demonstrates the domestic demand and
Q72: This graph demonstrates the domestic demand and
Q73: This graph demonstrates the domestic demand and
Q74: This graph demonstrates the domestic demand and
Q75: This graph demonstrates the domestic demand and
Q77: This graph demonstrates the domestic demand and
Q78: International trade will:
A) create more efficiency.
B) increase
Q79: This graph demonstrates the domestic demand and
Q80: Who is likely to be in favor
Q81: This graph demonstrates the domestic demand and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents