A country will gain relatively more from trade when: A. trade is regulated. B. the world price is below the country's opportunity cost of the good. C. the world price is close to the country's opportunity cost of the good. D. the world price is much greater than the country's opportunity cost for the good.

Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter16: Gaining From International Trade
Section: Chapter Questions
Problem 12CQ
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A country will gain relatively more from trade when:
A. trade is regulated.
B. the world price is below the country's opportunity cost of the good.
C. the world price is close to the country's opportunity cost of the good.
D. the world price is much greater than the country's opportunity cost for the good.
Transcribed Image Text:A country will gain relatively more from trade when: A. trade is regulated. B. the world price is below the country's opportunity cost of the good. C. the world price is close to the country's opportunity cost of the good. D. the world price is much greater than the country's opportunity cost for the good.
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