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:

Consciousness

The condition of being conscious and capable of contemplating one's own being, feelings, ideas, and surroundings.

Dissociate

The process of experiencing a disconnection or lack of continuity between thoughts, memories, surroundings, actions, or identity.

Conscious Mind

The aspect of the mind that is aware of the present moment, responsible for thoughts, feelings, memories, and perceptions that one is actively aware of.

Hidden Observer

A hypothetical part of the mind proposed by Ernest Hilgard to account for phenomena in hypnosis where a subject can observe their pain without feeling distressed.