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Answer to Question #276744 in Macroeconomics for Anna

Question #276744

Cuba is an exporter of grain to North Korea. In a closed economy Cuba must have a domestic price that is _____ the world price of grain.


A. less than 

B. greater than 

C. equal to 

D. close to 



1
Expert's answer
2021-12-09T07:45:16-0500

The domestic price of grain in Cuba must be equal to the world price of grain.


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