Multiple Choice
Assume, for China, that the domestic price of oranges without international trade is lower than the world price of oranges. This suggests that, in the production of oranges,
A) China has a comparative advantage over other countries and China will import oranges.
B) China has a comparative advantage over other countries and China will export oranges.
C) other countries have a comparative advantage over China and China will import oranges.
D) other countries have a comparative advantage over China and China will export oranges.
Correct Answer:

Verified
Correct Answer:
Verified
Q30: Figure 9-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7555/.jpg" alt="Figure 9-3
Q31: Figure 9-10<br>The following diagram shows the domestic
Q32: When a country allows international trade and
Q33: Figure 9-7<br>The following diagram shows the domestic
Q34: Figure 9-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7555/.jpg" alt="Figure 9-4
Q36: Figure 9-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7555/.jpg" alt="Figure 9-4
Q37: Figure 9-1<br><br> Uganda<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7555/.jpg" alt="Figure 9-1
Q38: Most economists support the infant-industry argument because
Q39: Figure 9-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7555/.jpg" alt="Figure 9-4
Q40: Figure 9-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7555/.jpg" alt="Figure 9-5