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A new industry that is currently not competitive in the global market, but that may become so in the future is called a(n):

A new industry that is currently not competitive in the global market, but that may become so in the future is called a(n):

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5 comments
  • d is greater than the domestic equilibrium price, will the country import or export this good?
    • Mbarksdale2
    • Jul 19, 2016 at 6:54pm
  • If the world price of a good is greater than the domestic equilibrium price, will the country import or export this good?
    • Mbarksdale2
    • Jul 19, 2016 at 6:55pm
  • Export because the world price is above the domestic price which implies that this country has a comparative advantage in the production of this good.
    • writer_callie
    • Jul 19, 2016 at 6:57pm
  • If a country wishes to import more than it exports, how does it pay for these excess imports?
    • Mbarksdale2
    • Jul 19, 2016 at 6:59pm
  • either by international borrowing or by selling more capital assets than it buys internationally.
    • writer_callie
    • Jul 19, 2016 at 7:06pm

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