If the world price is greater than the domestic price of a commodity in a closed economy,when that economy begins to trade,the economy will _________ the commodity.
A) stop consuming
B) stop producing
C) be self-sufficient in
D) become a net importer of
E) become a net exporter of
Correct Answer:
Verified
Q25: Producers of exported goods are _ as
Q26: A tariff is a
A) legal limit on
Q27: If a tariff is placed on a
Q28: A legal limit on the quantity of
Q29: Producers of imported goods are _ as
Q31: Consumers of imported goods are _ as
Q32: The workings of the free market ensure
Q33: Consumers of imported goods are _ as
Q34: Under free trade,countries will _ goods for
Q35: Why do politicians so often resist free
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