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If Opening Up International Trade Resulted in the U

Question 117

Multiple Choice

If opening up international trade resulted in the U.S. becoming a wheat exporter, relative to the prior no-trade situation, the U.S. domestic price of wheat:


A) ​would rise, but domestic output would fall.
B) ​would decline, but domestic output would rise.
C) ​would decline, as would domestic output.
D) ​would rise, as would domestic output.

Correct Answer:

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