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31 March, 03:16

Suppose that honduras opens its markets to international trade. as a result of this, the domestic price of coffee decreases. we can conclude that

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  1. 31 March, 03:31
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    The growth of international trade and other international linkages is called globalization. As a result that Honduras opens its markets to international trade the domestic price of coffee decreases.

    The World price of a good

    When a market is open to international trade, the domestic price, which is is the price at which that good can be bought or sold abroad is d riven to equal the world price

    We can conclude that the world price of the coffee is less than the price of the coffee in Honduras.
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