Multiple Choice
If a nation exports a product, then the price of that product in the nation
A) will rise above the domestic (no-trade) equilibrium price.
B) will fall below the domestic (no-trade) equilibrium price.
C) will remain the same as the domestic (no-trade) equilibrium price.
D) may either rise or fall, depending on the product.
Correct Answer:
Verified
Correct Answer:
Verified
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