Multiple Choice
If the world price is less than the domestic price of a commodity in a closed economy,when that economy begins to trade,the economy will __________ the commodity.
A) stop consuming
B) stop producing
C) be self-sufficient in
D) become a net importer of
E) become a net exporter of
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q74: An open economy is one that<br>A) relies
Q75: A free trade area is an agreement
Q76: The agreement that a special arrangement such
Q77: The winners from trade are the _
Q78: A regional trade agreement is<br>A) a document
Q80: In the early stages of its development,Canada
Q81: If many countries try to boost net
Q82: If the equation for planned aggregate expenditure
Q83: The demand for jeans in a country
Q84: Consumers of imported goods are _ as