he world price of coffee is $30 per kg. The pre-trade price of coffee in Ivory Coast is $20 per kg. What would happen if Ivory Coast allows trade in coffee? Select one: a. Ivory Coast will import coffee, and the price in Ivory Coast will be $20 b. Ivory Coast will export coffee, and the price in Ivory Coast will be $20 c. Ivory Coast will import coffee, and the price in Ivory Coast will be $30 d. Ivory Coast will export coffee, and the price in Ivory Coast will be $30
he world price of coffee is $30 per kg. The pre-trade price of coffee in Ivory Coast is $20 per kg. What would happen if Ivory Coast allows trade in coffee? Select one: a. Ivory Coast will import coffee, and the price in Ivory Coast will be $20 b. Ivory Coast will export coffee, and the price in Ivory Coast will be $20 c. Ivory Coast will import coffee, and the price in Ivory Coast will be $30 d. Ivory Coast will export coffee, and the price in Ivory Coast will be $30
Chapter28: International Trade And Finance
Section: Chapter Questions
Problem 18SQ
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The world price of coffee is $30 per kg. The pre-trade price of coffee in Ivory Coast is $20 per kg. What would happen if Ivory Coast allows trade in coffee?
Select one:
a. Ivory Coast will import coffee, and the price in Ivory Coast will be $20
b. Ivory Coast will export coffee, and the price in Ivory Coast will be $20
c. Ivory Coast will import coffee, and the price in Ivory Coast will be $30
d. Ivory Coast will export coffee, and the price in Ivory Coast will be $30
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