A Country Exports a Good If

question 161

Multiple Choice

A country exports a good if

• A) it has a high opportunity cost of production.
• B) the world price of the good is below the country's no-trade equilibrium price.
• C) the world price of the good is above the country's no-trade equilibrium price.
• D) the quantity demanded of the good in the country is greater than the quantity supplied at the world price.
• E) it cannot import the good.

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Definitions:

Current Ratio

A measure of a corporation's capability to meet obligations due in less than one year, found by dividing its total current assets by its total current liabilities.

Company

A company is a legal entity formed by a group of individuals to engage in and operate a business—commercial or industrial—enterprise.

Working Capital

The distinction between a business's immediate assets and liabilities, showcasing its operational effectiveness and short-term financial status.

Company

A legal entity formed by a group of individuals to operate a business, which can own property, incur liabilities, and sell products or services.