Multiple Choice
Assume,for Mexico,that the domestic price of beets without international trade is higher than the world price of beets.This suggests that,in the production of beets,
A) Mexico has a comparative advantage over other countries and Mexico will export beets.
B) Mexico has a comparative advantage over other countries and Mexico will import beets.
C) other countries have a comparative advantage over Mexico and Mexico will export beets.
D) other countries have a comparative advantage over Mexico and Mexico will import beets.
Correct Answer:

Verified
Correct Answer:
Verified
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