Suppose the World Price of Coffee Is $2 Per Pound

question 182

Short Answer

Suppose the world price of coffee is $2 per pound and Brazil's domestic price of coffee without trade is $3 per pound. If Brazil allows free trade, will Brazil be an importer or an exporter of coffee?

---

Definitions:

Difficult Child

A term reflecting a child's temperament that is characterized by irregular bodily functions, withdrawal from new situations, and a tendency to react negatively and intensely.

Slow-To-Warm-Up

A temperament where individuals are cautious, shy, and introverted at first but become more social and comfortable over time.

Regular

Conforming to a standard; usual, typical, or expected in nature or occurrence.

First Year

The initial period of twelve months or the initial stage of a particular phase, often used in the context of education or a newborn's life.