As a Result of Pure Free Trade in a Commodity

question 77

Multiple Choice

As a result of pure free trade in a commodity, the

• A)price of the commodity must be the same in all countries.
• B)total quantity imported will exceed the total quantity exported.
• C)price of the commodity will be higher in the producing country.
• D)price of the commodity will be lower in the producing country.

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Definitions:

Buddhists

Adherents of Buddhism, a spiritual tradition focused on personal spiritual development and the attainment of a deep insight into the true nature of life.

First Cause

A philosophical and theological concept referring to the initial cause of the universe, often discussed in arguments for the existence of God or a prime mover.

Aquinas

A medieval philosopher and theologian, Thomas Aquinas is known for integrating Aristotelian philosophy with Christian doctrine, emphasizing ethics, natural law, and metaphysics.

Spirituality

The sense of connection to something bigger than oneself, often involving a search for meaning in life.