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Suppose the World Price of a Television Is $300

Question 159

Multiple Choice

Suppose the world price of a television is $300. Before Paraguay allowed trade in televisions, the price of a television there was $350. Once Paraguay began allowing trade in televisions with other countries, Paraguay began


A) importing televisions and the price of a television in Paraguay decreased to $300.
B) importing televisions and the price of a television in Paraguay remained at $350.
C) exporting televisions and the price of a television in Paraguay decreased to $300.
D) exporting televisions and the price of a television in Paraguay remained at $350.

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