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sesenic [268]
2 years ago
6

Consider the market for meekers in the imaginary economy of Meekertown. In the absence of international trade, the domestic pric

e of meekers is $35. Suppose that the world price of meekers is $21. Assume that Meekertown is too small to influence the world price of meekers once it enters the international market.
If Meekertown allows free trade, then it will ________(import/export) meekers.
Business
1 answer:
vaieri [72.5K]2 years ago
4 0

Answer:

If Meekertown allows free trade, then it will import meekers.

Explanation:

Meekertown would have no choice but to import meekers, since its import cost ($ 21) would be much less than its local production cost ($ 35). In other words, Meekertown would find it much more expensive to manufacture its own products than simply buying them in markets abroad. Therefore, importing would be much more beneficial to its economy.

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Full Question:

<em>Suppose it is discovered that the first zurvanites were influenced more by indian than by babylonian conceptions of cyclical time. does this discovery support the author's argument?</em>

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Yes. The author very strongly argues that the Zurvanites committed “a deep and grievous heresy” by claiming that the two primal beings were brothers (lines 52-56). If Zoroaster himself made this claim, the Zurvanites would not in fact have “betrayed Zoroaster’s fundamental doctrine.”

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