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:

Health Problems

Any disorder or condition that affects an individual's physical or mental well-being.

Five Personality Factors

Refers to the Big Five personality traits model, which includes openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Costa And McCrae

Psychologists who developed the Five Factor Model of Personality, which includes the dimensions of openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Neuroticism

A personality trait characterized by emotional instability, anxiety, moodiness, worry, and fear.