If a Country Begins to Import More of a Commodity

question 19

Multiple Choice

If a country begins to import more of a commodity, one can normally expect the price of the commodity to

• A)remain unchanged in that nation.
• B)rise and then fall below where it was originally.
• C)rise in that nation.
• D)drop in that nation.

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Definitions:

Government

The organization or system through which a community, state, or nation is ruled, and which sets and enforces laws and policies.

Tax

A mandatory contribution to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions.

Burden

A heavy load, often referring to the impact or cost of something on individuals or society.

Buyers

Individuals or entities that purchase goods or services for personal use or for the purpose of reselling.