If a Nation Exports a Good When the Economy Is

question 70

Multiple Choice

If a nation exports a good when the economy is opened to trade,relative to the autarky price,the domestic price of the good will _____ and domestic consumption will _____.

• A)rise;rise
• B)rise;fall
• C)fall;rise
• D)fall;fall

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Definitions:

Br

The chemical symbol for bromine, a halogen element with atomic number 35 that is a reddish-brown liquid at room temperature, used in various industrial applications.

Cl

The symbol for chlorine, a chemical element with atomic number 17, known for its use as a disinfectant and in the manufacture of numerous products.

Tetrahedral Geometry

A molecular shape where a central atom is surrounded by four atoms at the corners of a tetrahedron.

Carbons

The chemical element with the atomic number 6, known for its ability to form a vast number of compounds, including organic compounds, due to its four valence electrons.