If a Country's Relative Price of X (Compared to Y)

question 17

Multiple Choice

If a country's relative price of X (compared to Y) in autarky is greater than the same relative prices on the world market, then the country has a comparative advantage in good __________, and it will __________.

• A) X; export Y and import X
• B) X; export X and import Y
• C) Y; export Y and import X
• D) Y; export X and import Y

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Definitions:

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