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With No International Trade, the Australian Price of Wheat Is

Question 45

Multiple Choice

With no international trade, the Australian price of wheat is lower than the world price of wheat. This indicates that Australia ________ a comparative advantage in the production of wheat and, with international trade, Australia will ________ wheat.


A) has; import
B) has; not trade
C) has; export
D) might have; export
E) does not have; export

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