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For Any Country,if the World Price of Copper Is Lower

Question 1

Multiple Choice

For any country,if the world price of copper is lower than the domestic price of copper without trade,that country should


A) export copper.
B) import copper.
C) neither export nor import copper,since that country cannot gain from trade.
D) neither export nor import copper,since that country already produces copper at a low cost compared to other countries.

Correct Answer:

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