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

question 240

Multiple Choice

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

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

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Definitions:

Bailment

is the process of placing personal property or goods in the temporary custody or control of another, often for a specified purpose.

Insurer

A company which provides insurance policies to individuals or entities, offering protection against financial loss or damage.

Loss or Damage

Terms relating to the harm or detriment suffered by an individual or entity, potentially involving physical goods, financial assets, or personal well-being.

Bailment

A legal relationship in which physical possession of personal property is transferred from one party to another for a specific purpose, but ownership of the property is not transferred.