If the Autarky Price of S Were Lower in Country

question 7

Multiple Choice

If the autarky price of S were lower in country A than in country B,then if trade were allowed

• A)A would likely export S to B.
• B)A would likely import S from B.
• C)neither country would want to trade.
• D)None of the above.

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Definitions:

She'll

Contraction of "she will" or "she shall," used to indicate future action.

77-Inch-Long

A measurement indicating something is seventy-seven inches in length.

Blade

A thin, typically flat and sharp-edged piece of metal used as a tool or weapon.

Scrapes

Minor injuries or damage to the surface of something, often skin or material, usually caused by dragging or brushing against a rough surface.