If the Foreign Import Demand Curve Intersects the Home Country's

question 81

Multiple Choice

If the foreign import demand curve intersects the home country's export
Supply curve in its horizontal portion, then:

• A)the home country will suffer a loss from international trade.
• B)the home country will not gain from trade.
• C)the home country will gain from trade.
• D)the foreign country will not gain from trade.

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Definitions:

Reimbursement

A repayment for money spent or losses incurred, often from one party to another as compensation.

Independent Contractor

An individual or entity contracted to perform work for another entity as a non-employee, responsible for their own tax obligations and not subject to the hiring entity’s control over how the work is performed.

Contract Authorization

The process or act of giving official or legal approval to a contract, enabling it to be valid and enforceable.

Automatically Terminated

Describes a legal status or condition that ends without the need for any action by a party due to pre-set conditions being met.