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A Country Exports a Good If

Question 161

Multiple Choice

A country exports a good if


A) it has a high opportunity cost of production.
B) the world price of the good is below the country's no-trade equilibrium price.
C) the world price of the good is above the country's no-trade equilibrium price.
D) the quantity demanded of the good in the country is greater than the quantity supplied at the world price.
E) it cannot import the good.

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