If the Price of a Good in a Closed Economy

question 40

Multiple Choice

If the price of a good in a closed economy is greater than the world price, then if the country opens its markets to world trade the country will be a ________ of that good.

• A)net importer
• B)net exporter
• C)importer and exporter
• D)producer

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Definitions:

Tenacious Secretions

Thick and sticky bodily fluids that are hard to expel, often seen in respiratory conditions.

Trendelenburg's Position

A body position where the patient lies flat on their back with the legs elevated higher than the head, used for various medical purposes.

Gastroesophageal Reflux Disease (GERD)

A digestive disorder where stomach acid or bile irritates the food pipe lining, leading to heartburn and acid reflux.

Distended Abdomen

The condition of having an abnormally swollen or enlarged belly, which can result from various medical conditions like fluid accumulation, gas, or obstruction.