If a Nation Exports a Good When the Economy Is

question 70

Multiple Choice

If a nation exports a good when the economy is opened to trade,relative to the autarky price,the domestic price of the good will _____ and domestic consumption will _____.

• A)rise;rise
• B)rise;fall
• C)fall;rise
• D)fall;fall

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Definitions:

Medial Forebrain Bundle

A neural pathway in the brain involved in the regulation of reward, pleasure, and motivation.

Posterior Hippocampus

The region at the back part of the hippocampus in the brain, involved in memory formation and spatial navigation.

Cerebral Cortex

The outer layer of neural tissue of the cerebrum of the brain, playing a key role in memory, attention, perception, cognition, awareness, thought, language, and consciousness.

Cerebrum

The largest part of the brain responsible for higher brain functions, including thought, action, emotion, and reasoning.