If a Country Allows Trade And, for a Certain Good

question 58

Multiple Choice

If a country allows trade and, for a certain good, the domestic price without trade is higher than the world price,

• A) the country will be an exporter of the good.
• B) the country will be an importer of the good.
• C) the country will be neither an exporter nor an importer of the good.
• D) Additional information is needed about demand to determine whether the country will be an exporter of the good, an importer of the good, or neither.

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Definitions:

Residence Pattern

Typical patterns in which societies organize where people live, often based on family ties, marriage, or social norms.

Nontraditional Families

Family structures that differ from the typical nuclear family, including single-parent families, blended families, and same-sex parental families, among others.

Single-parent Households

Households headed by one adult who is responsible for raising children.

Single-parent Households

Households headed by a single individual who is responsible for raising children without the partnership of another parent in the home.