The United States exports a good if its no-trade U.S. price is ________ its world price. With international trade, U.S. production of the good ________ compared to the level of no-trade production
A) the same as; does not change
B) lower than; increases
C) the same as; increases
D) higher than; increases
E) higher than; does not change
B
Economics
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a. True b. False Indicate whether the statement is true or false
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What will be an ideal response?
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Fill in the blank(s) with the appropriate word(s).
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