If the world price of a good exceeds the domestic price of the good, will the country export or import the good. In this scenari

Question

4 years ago

8

o who gain from free trade: Domestic consumers or Domestic producers? Explain.

1 answer:

saw5 [17] · Answer 1 · 2021-11-11T14:53:43+03:00

saw5 [17]4 years ago

4 0

Answer:

1. Export the good

2. Domesctic producers

Explanation:

Export the good will be the logical thing to do as producers will gain for the higher price of the goodin foreign markets.