Multiple Choice
Suppose a country abandons a no-trade policy in favor of a free-trade policy.If,as a result,the domestic price of pistachios decreases to equal the world price of pistachios,then
A) that country becomes an importer of pistachios.
B) that country has a comparative advantage in producing pistachios.
C) at the world price,the quantity of pistachios supplied in that country exceeds the quantity of pistachios demanded in that country.
D) All of the above are correct.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: A logical starting point from which the
Q5: Figure 9-6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2185/.jpg" alt="Figure 9-6
Q8: When a country that imports shoes imposes
Q10: The price of sugar that prevails in
Q17: The results of a 2007 Los Angeles
Q31: When a country takes a unilateral approach
Q36: In a December 2007 New York Times
Q71: A tariff on a product<br>A)is a direct
Q254: Which of the following statements is true?<br>A)Free
Q292: Figure 9-9 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 9-9