If a Country Began Exporting Product a and Importing Product

question 12

Multiple Choice

If a country began exporting product A and importing product B,then,as compared to the autarky (no-trade) situation,the marginal cost of product A will

• A) increase.
• B) decrease.
• C) shift outward.
• D) shift inward.
• E) remain the same.

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Definitions:

Insufficient Thiamine

A condition resulting from a lack of thiamine (vitamin B1), which can lead to neurological problems and diseases such as beriberi.

Korsakoff's Syndrome

A chronic memory disorder caused by severe deficiency of thiamine (vitamin B1), often linked to alcohol abuse, characterized by memory loss, confabulation, and difficulty acquiring new information.

Insufficient Dopamine

A condition where there is an inadequate level of dopamine in the brain, which can affect mood, movement, and cognition.

Excessive Dopamine

An abnormally high level of dopamine in the brain, which can lead to various disorders, including schizophrenia and addiction.