11.Ifacountryallowstradeand,foracertaingood,thedomesticpricewithouttradeishigherthantheworldprice, a.thecountrywillbeanexporterofthegood. b.thecountrywillbeanimporterofthegood. c.thecountrywillbeneitheranexporternoranimporterofthegood. d.Additionalinformationisneededaboutdemandtodeterminewhetherthecountrywillbeanexporterofthegood,animporterofthegood,orneither. 12.Ifacountryallowstradeand,foracertaingood,thedomesticpricewithouttradeislowerthantheworldprice, a.thecountrywillbeanexporterofthegood. b.thecountrywillbeanimporterofthegood. c.thecountrywillbeneitheranexporternoranimporterofthegood. d.Additionalinformationisneededaboutdemandtodeterminewhetherthecountrywillbeanexporterofthegood,animporterofthegood,orneither. 13.Foranycountry,iftheworldpriceofcopperishigherthanthedomesticpriceofcopperwithouttrade,thatcountryshould a.exportcopper,sincethatcountryhasacomparativeadvantageincopper. b.importcopper,sincethatcountryhasacomparativeadvantageincopper. c.neitherexportnorimportcopper,sincethatcountrycannotgainfromtrade. d.neitherexportnorimportcopper,sincethatcountryalreadyproducescopperatalowcostcomparedtoothercountries. 14.Foranycountry,iftheworldpriceofcopperislowerthanthedomesticpriceofcopperwithouttrade,thatcountryshould a.exportcopper. b.importcopper. c.neitherexportnorimportcopper,sincethatcountrycannotgainfromtrade. d.neitherexportnorimportcopper,sincethatcountryalreadyproducescopperatalowcostcomparedtoothercountries. 15.IftheworldpriceofapplesishigherthanArgentina’sdomesticpriceofappleswithouttrade,thenArgentina a.shouldimportapples. b.hasacomparativeadvantageinapples. c.shouldproducejustenoughapplestomeetitsdomesticdemand. d.shouldrefrainaltogetherfromproducingapples. 16.Assume,forVietnam,thatthedomesticpriceoftextileswithoutinternationaltradeishigherthantheworldpriceoftextiles.Thissuggeststhat,intheproductionoftextiles, a.VietnamhasacomparativeadvantageoverothercountriesandVietnamwillimporttextiles. b.VietnamhasacomparativeadvantageoverothercountriesandVietnamwillexporttextiles. c.othercountrieshaveacomparativeadvantageoverVietnamandVietnamwillimporttextiles. d.othercountrieshaveacomparativeadvantageoverVietnamandVietnamwillexporttextiles. 17.Assume,forVietnam,thatthedomesticpriceoftextileswithoutinternationaltradeislowerthantheworldpriceoftextiles.Thissuggeststhat,intheproductionoftextiles, a.VietnamhasacomparativeadvantageoverothercountriesandVietnamwillimporttextiles. b.VietnamhasacomparativeadvantageoverothercountriesandVietnamwillexporttextiles. c.othercountrieshaveacomparativeadvantageoverVietnamandVietnamwillimporttextiles. d.othercountrieshaveacomparativeadvantageoverVietnamandVietnamwillexporttextiles. 18.Assume,forMexico,thatthedomesticpriceoforangeswithoutinternationaltradeislowerthantheworldpriceoforanges.Thissuggeststhat,intheproductionoforanges, a.MexicohasacomparativeadvantageoverothercountriesandMexicowillexportoranges. b.MexicohasacomparativeadvantageoverothercountriesandMexicowillimportoranges. c.othercountrieshaveacomparativeadvantageoverMexicoandMexicowillexportoranges. d.othercountrieshaveacomparativeadvantageoverMexicoandMexicowillimportoranges. 19.SupposeIrelandexportsbeertoChinaandimportspineapplesfromtheUnitedStates.Thissituationsuggeststhat a.IrelandhasacomparativeadvantagerelativetotheUnitedStatesinproducingpineapples,andChinahasacomparativeadvantagerelativetoIrelandinproducingbeer. b.IrelandhasacomparativeadvantagerelativetoChinainproducingbeer,andtheUnitedStateshasacomparativeadvantagerelativetoIrelandinproducingpineapples. c.IrelandhasanabsoluteadvantagerelativetotheUnitedStatesinproducingpineapples,andChinahasanabsoluteadvantagerelativetoIrelandinproducingbeer. d.IrelandhasanabsoluteadvantagerelativetoChinainproducingbeer,andtheUnitedStateshasanabsoluteadvantagerelativetoIrelandinproducingpineapples. 20.Tradeamongnationsisultimatelybasedon a.absoluteadvantage. b.strategicadvantage. c.comparativeadvantage. d.technicaladvantage.