Assume, for Canada, that the domestic price of wheat without international trade is lower than the world price of wheat. This suggests that, in the production of wheat, a. Canada has a comparative advantage over other countries and Canada will export wheat. b. Canada has a comparative advantage over other countries and Canada will import wheat. c. other countries have a comparative advantage over Canada and Canada will import wheat. d. other countries have a comparative advantage over Canada and Canada will export wheat.

a.Canada has a comparative advantage over other countries and Canada will export wheat.

Explanation:

In the case when the domestic price is less than the world price of wheat so it is shown that there is the comparative advantage over the other countries due to this the canada would export the wheat. Also the demand is less or the supply of the wheat is higher. So ultimately it decrease the opportunity cost of generating the wheat

Therefore the above represent the answer

answer; that person may have a larger tax bill to pay on income taxes;

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi