kittycat1772 kittycat1772
  • 15-03-2019
  • Business
contestada

If the world price of a given product increases relative to its domestic price, then for that product:

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MrCreighton
MrCreighton MrCreighton
  • 15-03-2019

If the world price increases relative to domestic prices, there will be fewer imports and increased exports of the given product because it would be cheaper to buy the domestic version and companies would make more selling the product on the international market.

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