If No Trade Restrictions Exist, Under What Conditions Will a Country

question 98

Multiple Choice

If no trade restrictions exist, under what conditions will a country import a particular good?  

• A) if domestic quantity supplied equals domestic quantity demanded at the world price 
• B) if there is excess domestic quantity demanded at the world price 
• C) if world quantity supplied is less than world quantity demanded 
• D) if world quantity supplied is greater than world quantity demanded

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Definitions:

Computer Competence

The ability to use computers effectively and efficiently, including understanding hardware, software, and internet functionalities.

Skinner's Explanation

Refers to B.F. Skinner's behaviorist theory, which emphasizes the role of environmental factors in shaping behavior through reinforcement and punishment.

External Factors

Elements outside an individual, such as environmental, social, or economic forces, that can influence thoughts, behaviors, and outcomes.

Bandura's Theory

Refers to Albert Bandura's social learning theory, which posits that people learn from one another via observation, imitation, and modeling.