When the Residents of a Nation Are Free to Trade

question 25

Multiple Choice

When the residents of a nation are free to trade with foreigners, domestic producers will be able to

• A) export more goods for which they are a high-cost supplier.
• B) supply a larger quantity of goods they can produce at a relatively low cost.
• C) charge higher prices then would otherwise be the case.
• D) survive in the marketplace even if they do not produce efficiently.

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Definitions:

Innovativeness

The quality of being willing to introduce new methods, ideas, or products.

Swiffer Mop

A brand of cleaning product designed for quick, easy, and efficient floor cleaning using disposable or reusable pads.

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Personality Construct

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