๐Ÿ“ข Too many exams? Donโ€™t know which one suits you best? Book Your Free Expert ๐Ÿ‘‰ call Now!

    โšก Month End Offer - Flat 52% Off On All Courses! Enroll Now โšก
    00:00:00 AM Left

    Question

    Within a country, the domestic price of a product will

    equal the world price if
    A trade restrictions are imposed on the product Correct Answer Incorrect Answer
    B the country chooses to import, but not export, the product Correct Answer Incorrect Answer
    C the country chooses to export, but not import, the product Correct Answer Incorrect Answer
    D the country does not allow free trade Correct Answer Incorrect Answer
    E the country allows free trade Correct Answer Incorrect Answer

    Solution

    In case of free trade, domestic price equals world price of a product.

    Practice Next
    More Research Questions
    ask-question