Multiple Choice
If the price in the U.S. is higher than the price of identical good abroad before trade, after opening trade which of the following should occur?
A) U.S. should export the good.
B) U.S. should import the good.
C) U.S. should both import and export the good.
D) U.S. should not trade.
Correct Answer:
Verified
Correct Answer:
Verified
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