When the nation of Ectenia opens itself to world tradein coffee beans. the domestic price of coffee beansfalls. Which of the following describes the situation'•· Domestic prOduction of coffee rises, and Ectenoabecomes a coffee imoorter.b. Domestic prOduction of coffee rises, and Ecten iabecomes a coffee exporter.c. Domestic prOduction of coffee falls. and Ecteniabecomes a coffee importer.rl Domestic PrOduction of coffee falls. and Ecteniabecomes a coffee exporter.

Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN:9781285165875
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter9: Application: International Trade
Section: Chapter Questions
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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'
•· Domestic prOduction of coffee rises, and Ectenoa
becomes a coffee imoorter.
b. Domestic prOduction of coffee rises, and Ecten ia
becomes a coffee exporter.
c. Domestic prOduction of coffee falls. and Ectenia
becomes a coffee importer.
rl Domestic PrOduction of coffee falls. and Ectenia
becomes a coffee exporter.
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