Because country a has no domestic sources of wood, it imports all its wood from wood-producing countries. if the price of wood in wood-producing countries increases substantially, which of the following is most likely to occura country a will import more wood to meet rising demand. b country a will impose a tariff on wood imports. c housing prices in country a will increase as wood imports become more expensive. d profits in other wood-producing countries will increase because of increased exports to country a.
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Because country a has no domestic sources of wood, it imports all its wood from wood-producing count...
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