For a Single Country to Influence the Price of a Particular

question 36

Multiple Choice

For a single country to influence the price of a particular good in the world market:

• A)the country must be considered a price taker.
• B)the quantity of the good produced and consumed by the country must be small relative to the total amount bought and sold worldwide.
• C)the quantity of the good produced and consumed by the country must be large relative to the total amount bought and sold worldwide.
• D)the country must be large relative to other nations in the world.