Assume, for the United States, that the domestic price of beefwithout internatio

Question

Assume, for the United States, that the domestic price of beefwithout international trade is lower than the world price of beef.This suggests that, in the production of beef, a. the United States has a comparative advantage over othercountries and the United States will export beef. b. The United states has a comparative advantage over othercountries and the United States will import beef. c. other countries have a comparative advantage over theUnitedStates and the United states will export beef. d.other countries have a comparative advantage over the UnitedStates and the United States will import beef.
Assume, for the United States, that the domestic price of beefwithout international trade is lower than the world price of beef.This suggests that, in the production of beef, a. the United States has a comparative advantage over othercountries and the United States will export beef. b. The United states has a comparative advantage over othercountries and the United States will import beef. c. other countries have a comparative advantage over theUnitedStates and the United states will export beef. d.other countries have a comparative advantage over the UnitedStates and the United States will import beef.

Explanation / Answer

A export beef

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