When a country exports a good because the world price is higher than the nominustrade domestic price,

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When a country exports a good because the world price is higher than the nominus−trade domestic price, domestic purchases of the good ________ and domestic production of the good ________.

A. Increase; decreases

B. Increase; increases

C. Decrease; increases

D. Do not change; increases

E. Decrease; decreases

Related Book For answer-question

International Economics

ISBN: 978-0073523170

15th edition

Authors: Thomas A. Pugel

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Posted Date: Dec 11, 2018 01:50 AM

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When a country exports a good because the world price is higher than the nominustrade domestic price,

Question:

Expert Answer:

Domestic purchase does not change as t... View the full answer

International Economics

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