alexisger6321 alexisger6321
  • 03-01-2020
  • Business
contestada

If the world price of a good is equal to its no-trade equilibrium price, the country will import more of the good from other nations.

Respuesta :

jepessoa
jepessoa jepessoa
  • 04-01-2020

Answer:

False

Explanation:

The no-trade equilibrium price of a good refers to the domestic price of a good in an economy without any exports or imports. Therefore if the world price of a good is equal to the domestic price of the good, then there is no incentive to import the good.

Domestic producers will have an incentive for foreign trade if the world price is different from the domestic. If the world price is higher there is an incentive to export. If world price is lower, then there is an incentive to import.

Answer Link

Otras preguntas

Hey can anyone help me , please ASAP
Putting rock salt on the roads during a snowstorm is an example of
A leader who allows a team to figure out how to reach their own goals is displaying this leadership style.
The sum of two numbers times a third number is equal to the sum of each addend times the third number
Please help me with this question. This Venn diagram shows sports played by 10 students. Let event A = The student plays basketball. Let event B = The student p
what is 2 lines that form a right angle at their point of intersection
If you can buy one pineapple for $4, then how many can you buy with $12?
Can the quotient of two irrational numbers ever be rational ? Give me 2 examples plz.
which is a characteristic of the high classical period of greek art A) idealized B) order C) Proportion D) All of the above
Find the slope and y-intercept of Y=3x-4