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:

Mnemonic Device

A mnemonic device is a technique used to aid memory recall through patterns, rhymes, acronyms, or visualizations.

Sensory Memory

The capacity to maintain sensory information impressions after the initial stimuli are no longer present, representing the memory's most brief-term component.

Meaningful Information

Data or details that hold significance, relevance, or value to an individual, aiding understanding and decision-making processes.

Semantic Memory

A type of long-term memory involving the capacity to recall words, concepts, or numbers, which is essential for the understanding and use of language.