Consider the product gold. Suppose the domestic price of gold is $2.40 an ounce in Canada assuming no international trade. There is no transportation cost and the world price of gold is $2.00 an ounce. In such a situation, we should expect that Canada will Group of answer choices be a gold exporter but not importer. neither export nor import gold. be a gold importer and exporter. have a domestic surplus of gold. All the other answers are incorrect