If a Country Is a Price Taker for a Good

Multiple Choice

If a country is a price taker for a good in the world market,________.

A) its consumption and production decisions for the good play a key role in determining world prices
B) its consumption and production decisions for the good do not affect world prices
C) its demand for the good remains the same irrespective of changes in world prices
D) it is the only exporter of the good in the world market