-If a Nation Imports a Good That Can Be Domestically

question 30

Multiple Choice

-If a nation imports a good that can be domestically produced, what happens to the quantity consumed of the good and why?

• A) The quantity consumed remains constant because the price is unchanged.
• B) The quantity consumed decreases because the market price increases.
• C) The quantity consumed increases because the nation produces more of the good.
• D) The quantity consumed decreases because the market price decreases.
• E) The quantity consumed increases because the market price decreases.

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Definitions:

Secure Self-Esteem

A form of self-esteem that is stable and resilient to external conditions, reflecting a true and positive self-evaluation.

Accepts Himself

The recognition and acknowledgment of oneself with all strengths, weaknesses, successes, and failures.

Affected

Influenced or touched by an external factor, or displaying emotions artificially.

Personal Responsibility

The idea that individuals are accountable for their actions and decisions, and must take ownership of the consequences that come from those actions and decisions.