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If the world price of a good exceeds the domestic price of the good, will the country export or import the good. In this scenario who gain from free trade: Domestic consumers or Domestic producers? Explain.
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If the world price of a good exceeds the domestic price of the good, will the country export or import the good. In this scenario who gain from free trade: Domestic consumers or Domestic producers? Explain.

User TheWalker
by
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1 Answer

6 votes

Answer:

1. Export the good

2. Domesctic producers

Step-by-step explanation:

Export the good will be the logical thing to do as producers will gain for the higher price of the goodin foreign markets.

User Vjy Tiwari
by
5.0k points
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