Australia Exports a Good If Its No-Trade Australian Price Is

Multiple Choice

Australia exports a good if its no-trade Australian price is ________ the world price. With international trade, Australian production of the good ________ compared to the level of no-trade production.

A) the same as; does not change
B) the same as; increases
C) lower than; increases
D) higher than; does not change
E) higher than; increases