If There Are No Trade Restrictions,a Country Will Import a Particular

question 107

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)the quantity of the good demanded by the domestic consumers decreases.
• D)the quantity of the good supplied by the domestic producers increases.
• E)the world price of the good is higher than its domestic price.

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Definitions:

Social Adjustment

The process by which individuals adapt their behavior in order to conform to the expectations of their social environment or culture.

Disagreeable Behavior

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A software application used for the creation, editing, and formatting of text documents.

Erikson

A developmental psychologist famous for his theory on the psychosocial development of human beings, outlining eight stages from infancy to late adulthood.