When a Country Exports a Good Because the World Price

question 77

Multiple Choice

When a country exports a good because the world price is higher than the no-trade domestic price,
Domestic purchases of the good ____and domestic production of the good ______.

• A)increase; increases
• B)decrease; increases
• C)increase; decreases
• D)decrease; decreases
• E)do not change; increases

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Definitions:

Acceptance

The act of receiving or taking something offered or the process of embracing one's reality without attempting to change it, protest, or exit.

Identity

According to Erikson, a coherent conception of the self, made up of goals, values, and beliefs to which a person is solidly committed.

Cohabitating

Living together in a romantic relationship without being legally married.

Depressed

Experiencing a persistent mood of sadness, feeling of hopelessness, or lack of interest in activities, often a symptom of depression.