For Any Country,if the World Price of Zinc Is Higher

question 246

Multiple Choice

For any country,if the world price of zinc is higher than the domestic price of zinc without trade,that country should

• A) export zinc, since that country has a comparative advantage in zinc.
• B) import zinc, since that country has a comparative advantage in zinc.
• C) neither export nor import zinc, since that country cannot gain from trade.
• D) neither export nor import zinc, since that country already produces zinc at a low cost compared to other countries.

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Definitions:

Substance

A physical matter or material with uniform properties, or in the context of abuse, drugs or alcohol consumed to alter one's state of consciousness.

Proportion

A part, share, or number considered in comparative relation to a whole.

Americans

Residents or citizens of the United States of America.

Smoke

The visible vapor and gases emitted when a substance burns, often carrying particulates and harmful chemical compounds.