Use the Following Information to Answer the Following Questions

question 54

Multiple Choice

Use the following information to answer the following questions.
The before-trade price of logs in New Zealand is $100 per cubic metre. The world price of logs is $200 per cubic metre. New Zealand is a price taker in the world log market.
-If New Zealand allows trade in logs, domestic consumers of logs will be:

• A) worse off and producers of logs will be better off
• B) better off and producers of logs will be better off
• C) worse off and producers of logs will be worse off
• D) worse off and producers of logs will be unaffected

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Definitions:

Stop Words

High frequency words such as pronouns and prepositions that in content analysis may be removed in order to focus on nouns and verbs.

High-Frequency Words

High-frequency words are words that appear very often in written and spoken language, such as "the", "and", "is".

Group-Oriented

An approach or strategy that emphasizes collective performance, actions, or outcomes over individual accomplishments.

Cohesive

Characterized by unity and consistency within a group of elements or parts, often referring to the coherence in written or spoken discourse.