A Country Will Export a Good If It

question 146

Multiple Choice

A country will export a good if it

• A) can sell the good to a foreigner at a higher price than the no-trade domestic price.
• B) can sell the good to a foreigner at a lower price than the no-trade domestic price.
• C) can dump the good on the world market.
• D) has a high opportunity cost of production.
• E) is impossible to import the good.

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Definitions:

Encoding

The initial process of converting information into a form that can be stored and recalled later from memory.

Memory

The faculty by which the mind stores and remembers information.

Consolidation

The process by which memories become stable in the brain after their initial acquisition, often occurring during sleep.

Retention

The ability to keep or hold information in memory.