Which of the Following Is True

question 61

Multiple Choice

Which of the following is true?
i.When the world price of a good is lower than the price that balances domestic supply and demand,a country gains from exporting the good.
ii.Compared to a no-trade situation,in a market with imports,consumer surplus is larger.
iii.Quotas raise the domestic price of imported goods.

• A) Only i
• B) Only ii
• C) Only iii
• D) i and ii
• E) ii and iii

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Definitions:

Declarative English Sentences

Sentences that make statements or assertions in English, typically with a subject followed by a predicate.

Categorical Propositions

Statements that relate categories or classes of objects in a specific way, often using quantifiers like "all," "some," or "no."

Predicate Class

A group or category defined by a specific characteristic or attribute that its members share.

Categorical Proposition

A statement that asserts or denies something about an entire category of items or beings.