In analyzing the gains and losses from international trade, to say that Moldova is a small country is to say that

a. Moldova can only import goods; it cannot export goods.

b. Moldova's choice of which goods to export and which goods to import is not based on the principle of comparative advantage.

c. only the domestic price of a good is relevant for Moldova; the world price of a good is irrelevant.

d. Moldova is a price taker

Question

Business

Alden Chandler

21 June, 14:45

In analyzing the gains and losses from international trade, to say that Moldova is a small country is to say that

a. Moldova can only import goods; it cannot export goods.

b. Moldova's choice of which goods to export and which goods to import is not based on the principle of comparative advantage.

c. only the domestic price of a good is relevant for Moldova; the world price of a good is irrelevant.

d. Moldova is a price taker

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Answers (1)

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Rory Archer · Answer 1

In analyzing the gains and losses from international trade, to say that Moldova is a small country is to say that Moldova is a price taker.

Option D

Explanation:

The overall effects of world trade on the economic wellbeing of the forestry sector are significant. It was large because of the positive impact on the consumer surplus and less because of the value-added growth in the timber sectors.

A price charger is a person or organization who has no influence over the cost of a product or service. The price maker in the trading system has no impact on stock prices if it acquires or purchases goods.

Examples of pricing are often seen on agricultural (e. g. cotton, maize) and financial asset marketplace, e. g. securities, shares, etc. Precious-takers are also seen on the markets. A product controller cannot demand a premium above the current market price, as the title suggests.