When the residents of a nation are free to trade with foreigners, domestic producers will be able to
a. export more goods for which they are a high-cost supplier.
b. supply a larger quantity of goods they can produce at a relatively low cost.
c. charge higher prices then would otherwise be the case.
d. survive in the marketplace even if they do not produce efficiently.
B
Economics
You might also like to view...
An increase in investment combined with a decrease in education would have an indeterminate effect on both short run and long run aggregate supply
a. True b. False Indicate whether the statement is true or false
Economics
A change in the price of a good causes
A) an increase in supply. B) a decrease in supply. C) an increase in demand and a decrease in supply. D) a change in quantity supplied.
Economics