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    Microeconomics Study Set 40
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    Exam 8: International Trade
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    If a Nation Exports a Good When the Economy Is
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If a Nation Exports a Good When the Economy Is

Question 7

Question 7

Essay

If a nation exports a good when the economy is opened to trade, the domestic price of the good will ________ and domestic consumption will _.
A.rise; rise
B.rise; fall
C.fall; rise
D.fall; fall

Correct Answer:

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