Suppose a Country Abandons a No-Trade Policy in Favor of a Free-Trade

question 272

Multiple Choice

Suppose a country abandons a no-trade policy in favor of a free-trade policy.If,as a result,the domestic price of pistachios decreases to equal the world price of pistachios,then

• A)that country becomes an exporter of pistachios.
• B)that country has a comparative advantage in producing pistachios.
• C)at the world price,the quantity of pistachios demanded in that country exceeds the quantity of pistachios supplied in that country.
• D)All of the above are correct.

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Definitions:

Switch Structures

A control statement in programming used to execute different parts of code based on the value of a variable.

Loop Execute

A process in programming where a sequence of instructions is repeatedly executed until a specific condition is met.

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A Swing component in Java that allows the user to enter text data in a single line format.

Pane

In graphical user interface (GUI) design, a pane is a discrete section or area of a window used to group or separate content visually.