If the World Price of a Good Is Below the No-Trade

question 112

Multiple Choice

If the world price of a good is below the no-trade domestic price,a country

• A) will benefit from exporting the good.
• B) will benefit from importing the good.
• C) cannot benefit from trade.
• D) has a comparative advantage in the production of that good.
• E) will not engage in trade for that good.

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Definitions:

Hypothalamus

A region of the brain below the thalamus that coordinates the autonomic nervous system and the activity of the pituitary, controlling body temperature, hunger, and other essential functions.

Oxytocin

A hormone that plays roles in social bonding, sexual reproduction, childbirth, and the period after childbirth.

Nursing

The profession or practice of providing care for the sick and infirm.

Blood Pressure

The pressure of circulating blood on the walls of blood vessels, often measured for diagnosis since it is closely related to the force and rate of the heartbeat and the diameter and elasticity of the arterial walls.