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When the world price of some good is above the domestic price (before trade), then after trade, that nation will likely be:

A: exporting that item and importing whatever it produces at an absolute disadvantage.

B: exporting that item and importing whatever it produces at a comparative disadvantage

C: importing that item and exporting whatever it produces at a comparative advantage

D: importing that item and exporting whatever it produces at an absolute advantage

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91678073

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