As a result of pure free trade in a commodity, the
A. price of the commodity must be the same in all countries.
B. total quantity imported will exceed the total quantity exported.
C. price of the commodity will be higher in the producing country.
D. price of the commodity will be lower in the producing country.
Answer: A
Economics
You might also like to view...
The bandwagon effect corresponds best to which of the following?
A) Snob effect B) External economy C) Negative network externality D) Positive network externality
Economics
The purchase by consumers of inventory converts that inventory from investment goods to consumption goods
Indicate whether the statement is true or false
Economics