If a Country Is an Exporter of a Good,then It

question 33

Multiple Choice

If a country is an exporter of a good,then it must be the case that

• A)the world price is less than its domestic price.
• B)consumer surplus is higher than a no trade situation.
• C)the world price is greater than its domestic price.
• D)they used an infant-industry argument to protect its producers.

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Definitions:

Land Acquired

Refers to the purchase or obtaining ownership of land or property.

Real Property

Land and anything permanently attached to it, such as buildings and structures.

Permanent Structures

Buildings or constructions meant to be durable and to exist for a long period without significant alteration.

Ownership Interest

The legal right or claim a person has in a property or business, usually expressed as a percentage.