If the World Price of a Good Is Greater Than

question 102

True/False

If the world price of a good is greater than the domestic price in a country that can engage in international trade, then that country becomes an importer of that good.

---

Definitions:

Divergent Thinking

Free and fluent association to the elements of a problem.

Seriation

Involves the ability to arrange objects in order by size, shape, or any other characteristic, marking an essential skill in cognitive development.

Increasing Order

Arranging items or values so that each successive item is larger or greater than the preceding one.

Encoding

The process by which information is transformed into a format that can be stored and used in memory.