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:

Hyperthyroid Disease

A condition characterized by the overproduction of thyroid hormones, leading to accelerated metabolism and associated symptoms.

Strabismus

A condition characterized by the misalignment of the eyes, which can lead to double vision or impaired depth perception.

Mobility Issues

Challenges or limitations in moving independently from place to place, often due to injury, disability, or aging.

Examination Table

A piece of medical equipment used in doctor's offices and hospitals for patients to sit or lie on during a physical examination.