If the United States starts to import a good that had previously been produced in the United States,the market price of the good in the United States
A) rises.
B) falls.
C) remains constant.
D) either remains constant or rises, depending on how whether the supply of the good stays the same or increases.
E) There is not enough information to answer the question because we need to know if the market price in the United States had been above or below the world market price before trade began.
Correct Answer:
Verified
Q2: If the United States imports purses,then the
Q3: The fundamental force that drives trade between
Q4: If you buy a DVD player produced
Q5: One of the major reasons why the
Q6: The United States exports
A) goods only.
B) services
Q8: How can a domestic producer determine whether
Q9: The United States imports t-shirts because
A) it
Q10: Goods and services that the United States
Q11: Of the following,_ account(s)for the largest share
Q12: Goods and services that the United States
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