If a Country Allows Trade And, for a Certain Good

question 58

Multiple Choice

If a country allows trade and, for a certain good, the domestic price without trade is higher than the world price,

• A) the country will be an exporter of the good.
• B) the country will be an importer of the good.
• C) the country will be neither an exporter nor an importer of the good.
• D) Additional information is needed about demand to determine whether the country will be an exporter of the good, an importer of the good, or neither.

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Definitions:

Psychological Disorders

Conditions characterized by abnormal thoughts, feelings, and behaviors that may cause mental distress or impair functioning.

Psychotherapy

A general term for treating mental health problems by talking with a psychiatrist, psychologist, or other mental health provider.

Cultural Groups

Collections of individuals who share common values, beliefs, practices, and customs that differentiate them from others within a society or societies.

Counterproductive

Activities or behaviors that hinder the achievement of a goal or the successful operation of a process.