9. International Trade
Exporting and Importing
Multiple Choice
Multiple ChoiceA nation practicing autarky has a domestic price of extremely tight pants that is lower than the world price. If the nation opened up trade,
A
It would become an extremely tight pants exporter because the nation has a comparative advantage in producing extremely tight pants.
B
t would become an extremely tight pants importer because the nation has a comparative advantage in producing extremely tight pants.
C
It would become an extremely tight pants exporter because the nation does not have a comparative advantage in producing extremely tight pants.
D
It would become an extremely tight pants importer because the nation does not have a comparative advantage in producing extremely tight pants.
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