A Country That Trades with Other Countries Is Called A(n)__________

The world price is the price at which A) the supply of domestic goods and services equals the demand for goods and services on international markets. B) the demand for domestic goods and services equals the supply of goods and services on international markets. C) consumption goods and services trade for production goods and services on international markets. D) a good or service is traded on international markets. E) a good or service is traded on domestic markets.

The price at which a good or service is traded on international markets is called the _________ price. A) supply B) demand C) relative D) world E) production