If There Are No Trade Restrictions, a Country Will Import

question 65

Multiple Choice

If there are no trade restrictions, a country will import a particular good if

• A)domestic quantity supplied equals domestic quantity demanded at the world price
• B)there is excess domestic quantity demanded at the world price
• C)world quantity supplied is less than world quantity demanded
• D)world quantity supplied is greater than world quantity demanded
• E)domestic quantity supplied is greater than domestic quantity demanded at the world price

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Definitions:

Executive Summary

A condensed abstract of a business plan used to spark the reader’s interest in the business and to highlight crucial information.

Products And Services

Various goods offered for sale and activities provided for consumer needs or desires.

Business Plan Template

A pre-formatted document that provides a structured outline for detailing the strategy, financials, and operational goals of a new or existing business.

Small Business Development Center

A partnership program primarily funded by the government to provide assistance to entrepreneurs and small businesses in terms of management, operations, and other support services.