Assume, for Taiwan, that the domestic price of soybeans without international trade is lower than the world price of soybeans. This suggests that, in the production of soybeans,
A. Taiwan has a comparative advantage over other countries and Taiwan will import soybeans.
B. Taiwan has a comparative advantage over other countries and Taiwan will export soybeans.
C. other countries have a comparative advantage over Taiwan and Taiwan will import soybeans.
D. other countries have a comparative advantage over Taiwan and Taiwan will export soybeans.
Answer: B. Taiwan has a comparative advantage over other countries and Taiwan will export soybeans.
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