A country will export wheat if, with no international trade, ______. A. It produces a surplus of

Question:

A country will export wheat if, with no international trade, ______.

A. It produces a surplus of wheat

B. Its opportunity cost of producing wheat is below the world price

C. Its domestic price of wheat exceeds the world price

D. Other countries have a shortage of wheat

Opportunity Cost
Opportunity cost is the profit lost when one alternative is selected over another. The Opportunity Cost refers to the expected returns from the second best alternative use of resources that are foregone due to the scarcity of resources such as land,...