When a Price-Taking Country Joins the Global Market for a Particular

question 133

Multiple Choice

When a price-taking country joins the global market for a particular good, it:

• A)shifts the world demand and world supply curves to the right.
• B)has a negligible effect on the world equilibrium.
• C)shifts the world demand and world supply curves to the left.
• D)shifts the world demand curve to the right and the world supply curve to the left.

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Definitions:

Priority

The fact or condition of being regarded or treated as more important than others.

Daily Log

A record maintained on a daily basis, listing activities, completed tasks, and noteworthy events, often used for personal or professional tracking.

Follow-up Correspondence

The exchange of communication that occurs after an initial meeting or conversation, aiming to continue dialogue or confirm outcomes.

Address

A specific location or a set of descriptive details that identifies where a person lives or an organization is situated.