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.

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Definitions:

High-protein Breakfast

A morning meal rich in proteins, which can include eggs, Greek yogurt, or lean meats, believed to aid in satiety and weight management.

Control Group

In experimental research, the group of participants that does not receive the experimental treatment, serving as a comparison for evaluating the effect of the treatment.

Normal Diet

A balanced intake of food considered typical or standard for maintaining health, without specific dietary restrictions.

Correlation Coefficients

Statistical measures that indicate the strength and direction of a relationship between two variables.