jane pays chuck $50 when the nation of ectenia opens itself to world trade in coffee beans, the domestic price of coffee beans falls. which of the following describes the situation? raj opens up a lemonade stand

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Chapter 9 1. If a nation that does not allow international trade in steel has a domestic price of steel lower than the world price, then a) the nation has a comparative advantage in producing steel and would become a steel exporter if it opened up to trade. b) the nation has a comparative advantage in producing steel and would become an importer if it opened up to trade. c) the nation does not have a comparative advantage in producing steel and would become an exporter if it opened up to trade. d) the nation does not have a comparative advantage in producing steel and would become an importer if it opened up to trade. 2. When the nation of