Suppose a Country Abandons a No-Trade Policy in Favor of a Free-Trade

question 134

Multiple Choice

Suppose a country abandons a no-trade policy in favor of a free-trade policy.If,as a result,the domestic price of beans increases to equal the world price of beans,then

• A)that country becomes an exporter of beans.
• B)that country has a comparative advantage in producing beans.
• C)at the world price,the quantity of beans supplied in that country exceeds the quantity of beans demanded in that country.
• D)All of the above are correct.

---

Definitions:

Milling Process

A machining process that involves the cutting and removal of material from a workpiece using rotating cutting tools.

Emergent Norm

Emergent norms refer to behaviors that develop in response to a new or unusual situation, where traditional norms do not apply, and guide participants' actions within the context of that situation.

Technological Determinism

A theory of social change that assumes changes in technology drive changes in society, rather than vice versa.

Low-Carb Diet

A dietary plan that reduces carbohydrate intake in favor of proteins and fats, aimed at weight loss or health maintenance.