Question

When the world price of some good is above the domestic price (before trade), then after trade, that nation will likely be:

Answer 1

EXPORT

Step-by-step explanation:

If the domestic price of a country for a good is lower than world price before trade, it mean that the country is producing that good efficiently - at a cheaper cost. After trade, the country would export the good, so that the world can produce more of the goods it produces efficiently.

If the world price is below domestic price of a country before trade, after trade, the country would import