If Country A's (P_X/P_Y) in Autarky Is Greater Than the (P_X/P_Y)

question 18

Multiple Choice

If country A's (P_X/P_Y) in autarky is greater than the (P_X/P_Y) on the world market, then, as the country moves from autarky to trade, the relative price of good X facing A's producers will __________, and A's producers will hence want to shift their production toward producing __________.

• A) decrease; more of good X and less of good Y
• B) decrease; more of good Y and less of good X
• C) increase; more of good X and less of good Y
• D) increase; more of good Y and less of good X

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Definitions:

Pelvic Fracture

A pelvic fracture is a break in one or more bones of the pelvis, often caused by a high-energy event, such as a car accident or fall, and can range in severity from minor to life-threatening.

Fulfillment of Purpose

The achievement or realization of the intended goal or function of something.

Mutual Agreement

is a consensus or a contract reached between two or more parties, often indicating a shared understanding or intent.

Assault and Battery

A legal term used to describe the combination of the threat of violence (assault) and the actual physical contact or harm (battery) to another person.