If a Country That Has a Comparative Advantage at Producing

question 129

Multiple Choice

If a country that has a comparative advantage at producing tea moves from autarky to free trade, what reaction would we expect to see in the world market?

• A)Domestic tea producers would be opposed.
• B)Foreign tea producers would be opposed.
• C)Foreign tea consumers would be opposed.
• D)Foreign producers would be in favor of.

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Definitions:

Abrupt

Sudden and unexpected, often with a sharp or steep transition.

Undermine

To gradually weaken, damage, or destroy something, often in a subtle or covert way.

Task-Oriented

Refers to a focus or approach that prioritizes the completion of specific tasks or objectives over interpersonal relationships or emotional considerations.

Well-Defined

Clearly outlined or specified, leaving no room for ambiguity or confusion.