If a Country Is an Exporter of a Good,then It

question 33

Multiple Choice

If a country is an exporter of a good,then it must be the case that

• A)the world price is less than its domestic price.
• B)consumer surplus is higher than a no trade situation.
• C)the world price is greater than its domestic price.
• D)they used an infant-industry argument to protect its producers.

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Definitions:

Trypsin

An enzyme produced in the pancreas and secreted into the small intestine, where it plays a crucial role in the digestive process by breaking down proteins into amino acids.

Pepsinogen

An inactive precursor to pepsin, a digestive enzyme that breaks down proteins in the stomach.

Peristaltic Contractions

Wave-like muscle contractions that occur in tubular structures of the body, such as the digestive tract, to move contents forward.

Large Intestine

A part of the gastrointestinal tract involved in water absorption and the formation of feces.