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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.

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