Americans Will Neither Export nor Import Aluminum When Its

question 148

Multiple Choice

Americans will neither export nor import aluminum when its:

• A)domestic price equals the world price.
• B)export supply curve lies above its import demand curve.
• C)export supply curve is upward sloping.
• D)import demand curve is downward sloping.

---

Definitions:

Convey Real Estate

The act of transferring title, ownership, and rights of real estate property from one party to another through a deed or legal document.

Nonperformance

The failure to act or fulfill one’s duties or obligations as agreed or required.

Liquidated Damages

A predetermined amount of money that must be paid as compensation for failure to perform under a contract, often found in legal agreements.

Compensatory Damages

Compensatory damages are monetary awards granted in civil litigation to reimburse plaintiffs for actual losses or damages they have incurred.